![\"Binance](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2022\/10\/shutterstock_505578361-768x432.jpg\")
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Cryptocurrency exchange Binance will be able to offer services for digital assets in Cyprus as the platform is now registered with the country\u2019s securities regulator. The news comes after the company obtained similar approvals in several other European jurisdictions.<\/strong><\/p>\n Binance, the world\u2019s leading crypto exchange in terms of daily trading volume, has received regulatory authorization in Cyprus. Its local entity, Binance Cyprus Limited, was granted Class 3 registration as a Crypto Asset Services Provider (CASP), the trading platform announced Thursday.<\/p>\n The regulatory approval issued by the Cyprus Securities and Exchange Commission (CYSEC<\/a>) will allow Binance to offer spot, custodian, staking, and card services, in compliance with the CYSEC\u2019s anti-money laundering and counter-terrorist financing (AML\/CTF) requirements.<\/p>\n In a press release, the exchange noted that this is another milestone in its regulatory efforts in Europe and follows similar registrations for Binance\u2019s local entities in France, Italy and Spain. Commenting on the development, Binance founder and CEO Changpeng Zhao (CZ) stated:<\/p>\n Binance has some of the most thorough AML and CTF compliance policies in the industry. Recognition of the efforts we have made to be on the leading edge of compliance that our registration in Cyprus represents is testament to that.<\/p>\n<\/blockquote>\n Zhao also insisted that effective regulation that protects users and stimulates innovation is essential to the continued growth of the crypto industry.<\/p>\n Binance\u2019s Executive Vice President Europe Martin Bruncko described the registration as an important step in the platform\u2019s European growth and a sign of commitment to the region. \u201cWe look forward to building out our local team in Cyprus and helping to develop the local crypto ecosystem,\u201d he added.<\/p>\n As part of its European expansion, last month Binance announced<\/a> it\u2019s opening an office in Romania. \u201cWe want to go global by playing locally in multiple markets,\u201d CZ said during a visit to the capital Bucharest. \u201cI think Eastern Europe is extremely important,\u201d he emphasized.<\/p>\nGlobal Exchange Binance to Comply With Cyprus Crypto Regulations<\/h2>\n
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