Binance.US Obtains Wyoming Money Transmitter License

Friday, 11/03/2022 | 17:19 GMT by Felipe Erazo
  • Wyoming's Money Transmitter License is Binance.US's third in 2022.
  • Currently, the company operates in 45 of the 50 states in the US.
Binance formed sponsorship deal with Brazil’s professional football league
Paulistão Sicredi

Binance.US, a United States-based digital asset marketplace, announced on Friday that it had received a Money Transmitter License from the Wyoming Division of Banking.

According to the press release, Wyoming is Binance.US’s third state to receive a Money Transmitter License in 2022, following West Virginia and Connecticut.

With the help of its own and partner licenses, the company currently operates in 45 out of 50 states across the United States and offers some of the lowest fee structures available in the market, including easy access to more than 180 trading pairs and more than 80 token listings.

“We continue to prioritize compliance and operational excellence, be it through building out our team or working closely with regulators on licensing and other initiatives. Wyoming and its crypto-savvy population have emerged as champions of blockchain technology, and we are pleased to deepen our presence in the state with the support of the Wyoming Division of Banking,” Brian Shroder, the Chief Executive Officer of Binance.US, commented.

Recent Key Appointments

The announcement comes one month after the company appointed Tammy Weinrib today as the company’s Chief Compliance Officer. In her new role, Weinrib will provide high-level guidance on Binance.US’s compliance and regulatory strategies and engage with regulators and law enforcement agencies across the US.

Before joining Binance.US, Weinrib served as Vice President of the financial crime compliance group at Société Générale. Before that, she was Gemini’s Deputy Chief Compliance Officer.

“At Binance.US, we recognize the enormous responsibility that comes with handling our customers’ assets, and with that responsibility comes a need to ensure our company and industry are held to the highest standards of regulatory compliance,” Shroder added.

The hire comes as Binance has encountered scrutiny from regulators globally in recent months worldwide, including Japan and the US. The US SEC is currently investigating the ties of Binance.US, with two of its affiliate market makers (Sigma Chain AG and Merit Peak Ltd).

Binance.US, a United States-based digital asset marketplace, announced on Friday that it had received a Money Transmitter License from the Wyoming Division of Banking.

According to the press release, Wyoming is Binance.US’s third state to receive a Money Transmitter License in 2022, following West Virginia and Connecticut.

With the help of its own and partner licenses, the company currently operates in 45 out of 50 states across the United States and offers some of the lowest fee structures available in the market, including easy access to more than 180 trading pairs and more than 80 token listings.

“We continue to prioritize compliance and operational excellence, be it through building out our team or working closely with regulators on licensing and other initiatives. Wyoming and its crypto-savvy population have emerged as champions of blockchain technology, and we are pleased to deepen our presence in the state with the support of the Wyoming Division of Banking,” Brian Shroder, the Chief Executive Officer of Binance.US, commented.

Recent Key Appointments

The announcement comes one month after the company appointed Tammy Weinrib today as the company’s Chief Compliance Officer. In her new role, Weinrib will provide high-level guidance on Binance.US’s compliance and regulatory strategies and engage with regulators and law enforcement agencies across the US.

Before joining Binance.US, Weinrib served as Vice President of the financial crime compliance group at Société Générale. Before that, she was Gemini’s Deputy Chief Compliance Officer.

“At Binance.US, we recognize the enormous responsibility that comes with handling our customers’ assets, and with that responsibility comes a need to ensure our company and industry are held to the highest standards of regulatory compliance,” Shroder added.

The hire comes as Binance has encountered scrutiny from regulators globally in recent months worldwide, including Japan and the US. The US SEC is currently investigating the ties of Binance.US, with two of its affiliate market makers (Sigma Chain AG and Merit Peak Ltd).

About the Author: Felipe Erazo
Felipe Erazo
  • 1036 Articles
  • 42 Followers
About the Author: Felipe Erazo
Felipe earned a degree in journalism at the University of Chile with the highest honour in the overall ranking, and he also holds a Bachelor of Arts in Social Communication. In addition, he has been working as a freelance writer and Forex/crypto analyst, with experience gained from several forex broker firms and crypto-related media outlets around the world. He has been involved in the world of online forex trading since 2010 and in the crypto sphere since 2015.
  • 1036 Articles
  • 42 Followers

More from the Author

CryptoCurrency

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}