Bifinity UAB is an audited legal entity that exists to unlock fiat on/off-ramps for a number of Binance users, particularly those in Europe.Īny user wishing to use a fiat service available on Binance and facilitated via Bifinity has to agree to Bifinity’s terms and conditions and meet a set series of identity verification and compliance checks.īifinity operates in strict accordance with the Fifth Anti-Money Laundering Directive (AMLD5), the EU’s most rigorous framework to date in terms of combating money laundering, and which sets the gold standard expected by traditional payment partners in Europe.įully registered as a VASP in Lithuania, Bifinity also follows Lithuanian Anti-Money Laundering (AML) legal requirements.Īs a result, Bifinity ensures secure, compliant and auditable fiat transactions - both for Binance’s users and its fiat payment and bank partners.īifinity is fully registered as a VASP and compliant in Lithuania, and exists to facilitate the provision of secure and compliant fiat transactions for Binance users in Europe and elsewhere.Īs the cryptocurrency landscape continues to evolve, understanding the intricacies of what counterparties you use and interact with becomes increasingly essential.
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