Binance shared today that it is now an officially approved crypto exchange in El Salvador. This comes after receiving licenses from the Central Reserve Bank and the National Commission of Digital Assets.
This significant accomplishment marks another advancement in Binance’s continuous endeavors to obtain local licenses and permissions in important markets around the globe. As a result, the company has obtained approvals and registrations in 18 markets worldwide, which include France, Italy, Spain, Sweden, and Dubai.
Binance Head of Latin America, Min Lin, said:
We are honored to be granted this license, as Binance continues to work collaboratively with regulatory agencies around the world to support global standards for the crypto and blockchain industry. This announcement comes after many months of dedication from our team to provide all information and proceed with the necessary due diligence required by the agencies, showcasing our commitment to the Salvadoran market and our users.
We are grateful to the Central Reserve Bank and the National Commission of Digital Assets. Their blockchain technology adoption has created a thriving sector in El Salvador that proves security and innovation are complementary assets. Now, it joins countries around the world that have granted Binance a regulatory license.
Binance General Manager for Colombia, Central America and Caribbean, Daniel Acosta, said:
These licenses allow Binance to expand the products and services offered including options tailored to the needs of our customers in El Salvador. It is also a great opportunity to collaborate closely with government authorities to support the adoption of crypto assets in the country, foster financial inclusion, innovation and ensure customer protection.
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