8/16/2023 0 Comments Binance usa which statesSource Hiring Talent to Become More CompliantĪs part of its commitment to best-in-class compliance, the company has also received money transmitter licenses in West Virginia, Wyoming, and Rhode Island. The company plans to use the funds to develop new products and services to be announced soon and invest in marketing and consumer education initiatives. During that period, the US counterpart to Binance had launched in Connecticut and Louisiana, bringing the number of states and territories supported to 45 and 8, respectively. In order to expand its operations in the United States, Binance.US has raised an additional $200 million in April at a valuation of $4.5 billion with participation from investors such as RRE Ventures, Foundation Capital, and Original Capital. “Our goal is to demonstrate our compliance-first mindset and secure the remaining licenses so we can provide our services in all 50 states by the end of the year.” “The timelines vary for each state, but we are engaged in active and productive discussions with state regulators,” the spokesperson expresses. As reported by Casey Wagner from Blockworks on June 3, the states of Hawaii, New York, Texas, and Vermont have to wait for Binance.US's services, but as per a company spokesperson, this may not be the case for very long. As a result of the recent development, the US counterpart of the largest exchange in the world is now available in 46 of the 50 states. Binance,US, the largest cryptocurrency exchange globally, is on track to reach its goal of acquiring a license in all 50 US states by the end of 2022.īinance.US went one step further, recently making it possible for Idaho residents to use its exchange to buy, sell, and trade cryptocurrencies.
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