August 17, 2022

Binance subsidiary Moon Tech Spain has been granted registration as a Digital Asset Providers Supplier (VASP) by the Financial institution of Spain. 

It will allow the world’s greatest cryptocurrency alternate to supply crypto asset alternate and custody providers within the territory, in keeping with an announcement on the corporate’s web site.

Compliance with the necessities of the central financial institution’s anti-money laundering and counter-terrorist financing (AML/CTF) guidelines was of main significance, which was acknowledged by Binance founder and CEO Changpeng Zhao. 

“We’ve invested considerably in compliance and launched AMLD 5 and 6 compliant instruments and insurance policies to make sure that our platform stays the most secure and most reliable within the business,” he stated.

“Moon Tech’s registration in Spain is an acknowledgement of the exhausting work and dedication of our groups to offering a platform that locations person safety above all else.” 

Binance subsidiary cleared for operations

Along with appearing as financial authority and monetary watchdog, the nation’s central financial institution oversees and ensures compliance with AML and CTF guidelines. Moon Tech Spain was granted registration by the Financial institution of Spain on July 7 after making use of for registration on Jan 28.

That is particularly the case for VASPs providing alternate providers for euros or different currencies for crypto belongings, along with custody providers for digital wallets. “The Financial institution of Spain additionally verifies compliance of the native entity and its administrators with the industrial {and professional} honorability necessities,” the announcement learn.

Following this profitable registration, native director Quim Giralt stated Binance “will considerably broaden our group and operations in Spain to make our providers extra accessible to everybody.” 

See also  Binance Facilitated Crypto Theft for Years, Says Investigative Report

This milestone follows registrations for Binance’s native entities in different Western European international locations. In early Could, Binance France introduced that it had been granted a Digital Asset Service Supplier (DASP) registration by the nation’s regulators. Later that month, Binance was cleared to function in Italy, overturning a ban imposed the earlier 12 months.


All the knowledge contained on our web site is printed in good religion and for normal data functions solely. Any motion the reader takes upon the knowledge discovered on our web site is strictly at their very own danger.