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Binance.US Obtains Wyoming Cash Transmitter License

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    Binance.US, a United States-based digital asset market, introduced on Friday that it had acquired a Cash Transmitter License from the Wyoming Division of Banking.

    In keeping with the press launch, Wyoming is Binance.US’s third state to obtain a Cash Transmitter License in 2022, following West Virginia and Connecticut.

    With the assistance of its personal and associate licenses, the corporate at present operates in 45 out of 50 states throughout the US and gives a few of the lowest charge constructions out there available in the market, together with easy accessibility to greater than 180 buying and selling pairs and greater than 80 token listings.

    “We proceed to prioritize  compliance  and operational excellence, be it via constructing out our group or working intently with regulators on licensing and different initiatives. Wyoming and its crypto-savvy inhabitants have emerged as champions of  blockchain  know-how, and we’re happy to deepen our presence within the state with the assist of the Wyoming Division of Banking,” Brian Shroder, Chief Govt Officer of Binance.US, commented.

    Current Key Appointments

    The announcement comes one month after the corporate appointed Tammy Weinrib in the present day as the corporate’s Chief Compliance Officer. In her new position, Weinrib will present high-level steerage on Binance.US’s compliance and regulatory methods and interact with regulators and regulation enforcement businesses throughout the US.

    Earlier than becoming a member of Binance.US, Weinrib served as Vice President of the monetary crime compliance group at Société Générale. Earlier than that, she was Gemini’s Deputy Chief Compliance Officer.

    “At Binance.US, we acknowledge the big duty that comes with dealing with our clients’ belongings, and with that duty comes a necessity to make sure our firm and business are held to the very best requirements of regulatory compliance,” Brian Shroder, Binance.US CEO, talked in regards to the appointment.

    The rent comes as Binance has encountered scrutiny from regulators globally in current months worldwide, together with Japan and the US. The US SEC is at present investigating the ties of Binance.US, with two of its affiliate market makers (Sigma Chain AG and Benefit Peak Ltd).

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