Binance US has secured yet another license as it continued to tap new markets.
Binance’s US subsidiary announced receiving its Money Transmitter License from the Nevada Department of Business and Industry, Financial Institutions Division.
The latest move is part of the company’s plans to offer its fully regulated services in all of America’s 50 states and territories.“We continue to take the necessary steps to ensure we are operationally compliant across the United States, our customers’ assets are secure, and our platform is safe and transparent.
With the latest development, Nevada has become the seventh jurisdiction where the exchange managed to score the operational license.Since 2021’s intense scrutiny from multiple global watchdogs, its parent firm – Binance International – has onboarded new compliance personnel. This helped the firm to expand its footprint across the world aggressively despite the current market downturn.
In recent months, the firm stretched into the Middle East and North African markets as restrictions and regulations escalated in the West and many Asian countries.SPECIAL OFFER
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