Binance US Wins Money Transmitter License in Nevada

Binance’s US subsidiary introduced receiving its Cash Transmitter License from the Nevada Division of Enterprise and Trade, Monetary Establishments Division.

The newest transfer is a part of the corporate’s plans to supply its absolutely regulated companies in all of America’s 50 states and territories.

  • Talking concerning the license approval, Brian Shroder, Chief Government Officer of Binance US, stated,

“We proceed to take the mandatory steps to make sure we’re operationally compliant throughout america, our clients’ belongings are safe, and our platform is protected and clear. Receiving our Cash Transmitter License in Nevada is additional proof of our ongoing compliance efforts, and we’re grateful for the time and belief of the Nevada Division of Enterprise and Trade.”

  • As per the announcement, Binance US has already secured Cash Transmitter Licenses from West Virginia, Connecticut, Wyoming, Rhode Island, Idaho, and Puerto Rico.
  • With the most recent growth, Nevada has develop into the seventh jurisdiction the place the alternate managed to attain the operational license.
  • Binance US not too long ago bagged Cash Transmitter License in Puerto Rico.
  • Since 2021’s intense scrutiny from a number of international watchdogs, its dad or mum agency – Binance Worldwide – has onboarded new compliance personnel.
  • This helped the agency to develop its footprint internationally aggressively regardless of the present market downturn.
  • In latest months, the agency stretched into the Center East and North African (MENA) markets as restrictions and rules escalated within the West and lots of Asian international locations.
  • It has additionally tapped a regulatory nod in Kazakhstan and Italy. It’s eager on increasing to Germany as properly.

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