Binance’s third approval in Europe came after the Bank of Spain allowed its Spanish subsidiary to register as a virtual asset services provider (VASP), the world’s largest crypto exchange by volume said Friday. 

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Fast facts

  • The registration will allow Binance to offer crypto asset exchange and custody services in Spain in compliance with the requirements of its central bank’s anti-money laundering and counter-terrorist financing (AML/CTF) rules, Binance said in a press release.
  • The approval comes after authorities in France and Italy allowed Binance to offer crypto-related services in May. It has also sought a similar license in Germany.

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