With the rapid development of the crypto money industry, the work in this field has also gained momentum. According to the latest information; Binance’s subsidiary Moon Tech Spain has obtained the necessary license from the Bank of Spain to become a virtual asset service provider. The statement in question was made on Binance’s Twitter account:

Binance Acquires Digital Asset Service Provider License in Spain

Cryptocurrency exchange Binance has received approval from the Bank of Spain to become a virtual asset service provider through Moon Tech Spain.

Binance made the following statement on the subject:

Binance is registered by the Bank of Spain as a Virtual Asset Services Provider (VASP) for its Spanish subsidiary. This will allow Binance to offer crypto-asset exchange and custody services in Spain in accordance with the central bank’s AML and CTF rules.

Finally, it will allow Binance to offer crypto-asset exchange and custody services in Spain in accordance with the requirements of the central bank’s money laundering and counter-terrorism financing (AML/CTF) rules.