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<p>In a groundbreaking move, Binance, one of the world’s premier cryptocurrency exchanges, has achieved a significant milestone in El Salvador. The exchange has been bestowed with both the Bitcoin Services Provider license and the first non-provisional Digital Assets Services Provider license. This monumental achievement not only solidifies Binance’s position in the global market but also underscores El Salvador’s progressive stance on cryptocurrency.</p> 
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<h2 style="text-align: center;" id="binance-s-historic-licensing-in-el-salvador">Binance’s Historic Licensing in El Salvador</h2> 
<p>Binance has proudly <a href="https://www.binance.com/en/blog/ecosystem/binance-becomes-first-fully-licensed-crypto-exchange-in-el-salvador-348306456147004721?ref=AZTKZ9XS&amp;utm_source=CZTwitter&amp;utm_medium=GlobalSocial&amp;utm_campaign=GlobalSocial" rel="noopener noreferrer nofollow">announced</a> its status as the first fully licensed cryptocurrency exchange in <a href="https://walletinvestor.com/magazinadmin/el-salvadors-president-says-that-decentralized-finance-is-the-future/" rel="noopener noreferrer nofollow">El Salvador</a>. This recognition comes after the Central Reserve Bank (Banco Central de Reserva) granted Binance the Bitcoin Services Provider license (BSP). Additionally, the National Commission of Digital Assets (Comisión Nacional de Activos Digitales) awarded the exchange the first non-provisional Digital Assets Services Provider license (DASP).</p> 
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<h2 style="text-align: center;" id="global-expansion-and-recognition">Global Expansion and Recognition</h2> 
<p>This recent accomplishment is a testament to Binance’s relentless pursuit of local licenses and permissions across the globe. The company’s commitment to regulatory compliance is evident in its approvals and registrations in 18 international markets, including but not limited to France, Italy, Spain, Sweden, and Dubai. This extensive global presence sets Binance apart, with more market approvals than any other cryptocurrency exchange.</p> 
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<h2 style="text-align: center;" id="insights-from-binance-leadership">Insights from Binance Leadership</h2> 
<p>Min Lin, Binance’s Head of Latin America, expressed immense gratitude and pride in receiving this license. He emphasized Binance’s ongoing collaboration with regulatory bodies worldwide to uphold global standards for the cryptocurrency and blockchain sectors. Lin highlighted the months of dedication from the Binance team in ensuring all necessary due diligence and information were provided to the Salvadoran agencies. He lauded the Central Reserve Bank and the National Commission of Digital Assets for their forward-thinking adoption of blockchain technology, which has fostered a burgeoning sector in El Salvador.</p> 
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<p>Daniel Acosta, Binance’s General Manager for Colombia, Central America, and the Caribbean, shed light on the potential opportunities this licensing brings. He pointed out that these licenses would enable Binance to introduce products and services tailored to the Salvadoran market’s unique needs. Acosta also emphasized the potential for closer collaboration with government authorities to promote cryptocurrency adoption, financial inclusion, innovation, and customer protection in El Salvador.</p> 
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<h2 style="text-align: center;" id="el-salvador-s-progressive-stance-on-cryptocurrency">El Salvador’s Progressive Stance on Cryptocurrency</h2> 
<p>El Salvador has been at the forefront of cryptocurrency adoption. In a historic move in 2021, the nation became the first to recognize Bitcoin as legal tender. This bold step was followed by the approval of a law that regulates the issuance of digital assets by both state and private entities.</p> 
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<h2 style="text-align: center;" id="about-binance">About Binance</h2> 
<p>Founded as a beacon for cryptocurrency enthusiasts, Binance stands as the world’s leading blockchain and cryptocurrency infrastructure provider. With a product suite that boasts the largest digital asset exchange by volume, Binance has earned the trust of millions globally. The platform is unwavering in its mission to enhance monetary freedom for its users. Binance offers a diverse range of crypto products and services, encompassing trading and finance, education, research, social good initiatives, investment, incubation, decentralization, infrastructure solutions, and more. For a deeper dive into Binance’s offerings, one can visit their official website.</p> 
<p>In conclusion, Binance’s licensing in El Salvador is a significant step forward for both the exchange and the country. As the world of cryptocurrency continues to evolve, such milestones highlight the growing acceptance and integration of digital assets into mainstream financial systems.</p>

Binance Becomes First Fully Licensed Crypto Exchange in El Salvador

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