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Binance.US obtains money transmitter license in Nevada to expand operation.





Binance US continues to spread its wings by obtaining a money transmitter license in Nevada to perform its operations.
Through the Binance official blog, Brain Shroder, Chief Executive Officer of Binance.US, stated, "We continue to take the necessary steps to ensure we are operationally compliant across the United States, our customers' assets are secure, and our platform is safe and transparent."


The US wing of the global cryptocurrency exchange obtained the license from the Financial Institutions Division of the Nevada Department of Business and Industry.

Brain Shroder also further said, "Receiving our Money Transmitter License in Nevada is further evidence of our ongoing compliance efforts, and we are thankful for the time and trust of the Nevada Department of Business and Industry."

According to the blog post, Nevada is the Seventh jurisdiction in which Binance.US has secured a Money Transmitter License in 2022, following:
West Virginia
Connecticut
Wyoming
Rhode Island
Idaho
Puerto Rico

Through its licenses and those of its partners, Binance.US currently operates in 46 states, as well as Puerto Rico, offering some of the industry's lowest fees on 120+ token listings.


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