Binance.US Obtains Remittance License to Operate in Puerto Rico

Binance.US lands on the island of Puerto Rico

The American arm of Binance has just obtained its money transfer license in order to be able to expand its services to the Commonwealth of Puerto Rico.

The attestation was issued by the Office of the Commissioner of Financial Institutions of Puerto Rico to the cryptocurrency exchange platform which now operates across 45 US states.

According to Nationwide Multi-State Licensing System and Registry (NMLS), the registration system for licensing in Puerto Rico, this license is required for the following activities:

“Offering services or engaging in activities in which any order for payment is received, including but not limited to cashier’s checks, checks, personal money orders or any other means of payment of transmission of money or of payment […] and whose services require the person for whom the money transmission is processed, negotiated or made to pay a service fee. »

Puerto Rico is currently the fourth US jurisdiction in which Binance can operate thanks to this precious sesameafter Wyoming, Connecticut and West Virginia.

Binance remains true to its values, always with a view to legal compliance, as confirmed by Brian Shroderthe CEO of Binance.US:

“As America’s home for buying, trading and earning digital assets, our goal is to offer the most compliant and customer-centric exchange in all 50 states and territories. Puerto Rico, in particular, is an important market for crypto growth and we look forward to continuing to provide its residents with secure, reliable, and low-cost access to a robust selection of tokens. »

The news comes just 3 weeks after Binance.US raised $200 million in its first seed round. The American cryptocurrency exchange platform has thus seen its valuation increase to $4.5 billion.

👉 Read also: Binance destroys over $770 million worth of BNB in ​​the 19th burn

Sources: Binance.US, NMLS

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Binance.US Obtains Remittance License to Operate in Puerto Rico


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