Global Blockchain services provider Binance announced on July 8, 2022, that its Spanish subsidiary, Moon Tech Spain, S.L., has been granted registration as a Virtual Asset Services Provider (VASP) by the Bank of Spain.
According to Binance, this registration will allow them to offer crypto asset exchange and custody services in Spain in compliance with the requirements of its central bank’s anti-money laundering and counter-terrorist financing (AML/CTF) rules.
Notably, Moon Tech Spain was granted registration by the Bank of Spain on July 7, 2022, having earlier applied for registration on January 28, 2022, according to a Binance press statement.
Interestingly, Spain is not the first European country where Binance has made its presence. Earlier, in May 2022, France allowed Binance to register, thus becoming the first country in Europe to do so. Previously, Binance secured licenses in March 2022 from Dubai and Bahrain for operations in the Arabian Peninsula, according to various media...
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