Leading crypto exchange Binance today announced that its Spanish subsidiary, Moon Tech Spain, was registered with the Bank of Spain as a Virtual Asset Service Provider (VASP) on July 7.
“Moon Tech’s registration in Spain is an acknowledgment of the hard work and commitment of our teams to providing a platform that places user protection above all else,” said Binance chief Changpeng Zhao in a statement.
Binance began its VASP registration on January 28. Now, following yesterday’s approval, the crypto exchange can offer its services across Spain in full compliance with the central bank’s anti-money laundering (AML) and counter-terrorist funding (CTF) rules.
The Bank of Spain will also monitor the compliance of the local entity and its directors with the country’s commercial and professional honorability standards.
“We have invested significantly in compliance and introduced AMLD 5 and 6 compliant tools and policies to ensure that our platform remains the safest and most trustworthy in...
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