Changpeng Zhao (CZ), founder and CEO of Binance, commented:
Source LinkedIn
Effective regulation is essential for the widespread adoption of cryptocurrencies. We have invested significantly in compliance and introduced AMLD 5 and 6 compliant tools and policies to ensure that our platform remains the safest and most trustworthy in the industry. Moon Tech’s registration in Spain is an acknowledgement of the hard work and commitment of our teams to providing a platform that places user protection above all else.
Quim Giralt, Director of Binance Spain, noted:
Following this registration, we will significantly expand our team and operations in Spain to make our services more accessible to everyone. Over the coming years we will be hiring local talent to serve the Spanish-speaking market and helping to grow the local crypto ecosystem.
The news follows other European registrations for Binance’s local entities in France and Italy. The company recently confirmed it is going after a VASP license and the e-money issuer (EMI) license in the Philippines. Prior to that, Binance revealed it is seeking to secure a German crypto license as well.
