The Swedish Financial Supervisory Authority has given its approval for the local cryptocurrency exchange arm of Binance. This gives Swedish citizens the right to manage and trade digital currencies.

According to a Jan. 11 announcement, Binance Nordics AB was granted registration status by the Swedish FSA after going through “months of constructive engagement”. This effective decision-making enables Swedish residents to access Binance’s crypto services.

Sweden #Binance has been registered by Swedish Financial Supervisory Authority.

We are devoted to compliance all across the organization. This registry allows Swedish Residents to have access to a variety of our Web3 and regulated crypto services.

—Binance (@binance) January 11, 2023

The Swedish financial authority’s approval followed regulators in France, Bahrain, Spain, and Dubai giving similar approvals to Binance earlier in 2022. Authorities in countries such as the UK, USA, Canada, and Japan took action against the exchange, reprimanding it and warning potential investors about the risks associated with digital assets.

Related: Binance Rejects Report That Stablecoin Is Not Fully Supported

On Jan. 10, a US court gave preliminary approval to a deal allowing Binance.US to acquire assets worth over $1 billion from Voyager Digital. The latter filed for bankruptcy in July, but FTX had planned to purchase Voyager’s assets before its collapse in November, and they are now available again.