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Binance.US Licensed in Nevada

The American division of the Binance bitcoin exchange has obtained a money transfer provider license from the Nevada Department of Business and Industry (USA).

“We continue to take steps to ensure compliance, security of customer assets, and transparency of our platform across the United States,” said CEO Brian Schroeder.

According to a press release, Nevada is the seventh US jurisdiction to approve Binance.US in 2022. Officials in the states of West Virginia, Connecticut, Wyoming, Rhode Island, Idaho and Puerto Rico have made a similar decision before.

The company added that they will continue to expand its support service and introduce new products.

Recall that in April, the American branch raised $200 million during the seed round with a preliminary estimate of $4.5 billion.

Media outlets later reported that Binance.US plans to raise another $50 million.

Read ForkLog bitcoin news in our Telegram – cryptocurrency news, courses and analysis.

Source: Fork Log

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