Does Binance have a legal entity in Italy?

Binance app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic May 27 (Reuters) - Binance said on Friday its legal entity in Italy had registered with the regulator in the country, as the major cryptocurrency exchange seeks to gain traction in Europe.

What is Binance & how does it work?

Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralisation and infrastructure solutions, and more.

What happened to Binance in Italy?

In Italy, the company had to wind down its futures and derivatives business. Earlier this month, Binance's Chief Executive Officer Changpeng Zhao said the company had also registered with France's market regulator. Binance is also seeking registration in Switzerland, Sweden, Spain, Netherlands, Portugal and Austria. read more

Will Binance stop cryptocurrencies in the UK?

The world's largest cryptocurrency exchange has just become a bit smaller as Binance will suspend deposits and withdrawals in pounds for customers in the United Kingdom.