Reserve

United

Bank AI

Bitcoin

Read

<p class="is-style-lead">Binance won two service provider licenses in El Salvador, as its regulatory issues in the United States and Europe still remain.</p> 
<p class="is-style-default">El Salvador’s Central Reserve Bank granted Binance’s Bitcoin services provider license application. At the same time, concurrently, the National Commission of Digital Assets awarded the exchange a non-provisional digital assets services provider license.</p> 
<p>In the&nbsp;Aug. 8 post, the exchange claimed these approvals would make it the first fully licensed crypto exchange in El Salvador.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> is now El Salvador’s first fully licensed crypto exchange! 🇸🇻<br><br>With this, Binance has approvals and registrations in 18 markets worldwide, more than any other crypto exchange, including France, Italy, Spain, Sweden and Dubai.<a href="https://t.co/BITj9zxdcZ" target="_blank" rel="noopener noreferrer nofollow">https://t.co/BITj9zxdcZ</a></p>— Binance (@binance) <a href="https://twitter.com/binance/status/1688916994886959104?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 8, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>Min Lin, Binance’s head of Latin America, emphasized that winning a license in El Salvador took months. The company furnished the necessary information and undertook due diligence.</p> 
<h2 class="wp-block-heading" id="binance-seeks-licenses-worldwide">Binance seeks licenses worldwide</h2> 
<p>Binance, which remains the major crypto spot exchange by market cap according to&nbsp;<a href="https://coinmarketcap.com/rankings/exchanges/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>, continues to seek regulatory approval in countries around the globe.</p> 
<p>In August, the company re-entered Japan with initial 34 token listings.</p> 
<p>Dubai followed with a license from the emirate’s&nbsp;Virtual Asset Regulatory Authority (VARA).</p> 
<p>This totals 18 markets worldwide that the company has registrations with, including France, Italy, Sweden and Spain.</p> 
<p> You might also like: <a href="https://crypto.news/binance-re-enters-japan-with-34-tokens-listed/" rel="noopener noreferrer nofollow"> Binance re-enters Japan with 34 tokens listed </a> </p> 
<h2 class="wp-block-heading" id="el-salvador-spurs-on-crypto-adoption">El Salvador spurs on crypto adoption</h2> 
<p>In contrast to the United States, where Binance finds itself head to head with regulatory bodies after the SEC took legal action against the exchange in June, El Salvador becomes a more appealing business landscape.</p> 
<p>El Salvador made headlines a few times in regard to its stance on cryptocurrencies.</p> 
<p>Bitcoin became a legal tender in el Salvador two years ago. It sanctioned new legislation for regulating the issuance of diverse digital assets, encompassing those originated by both governmental and private entities. </p> 
<p>Moreover, El Salvadors’ National Digital Asset Commission also granted Bitfinex Securities a digital asset service provider license.</p> 
<p>As regulation tightens, El Salvador continues demonstrating its potential to be a crypto hub, or in Binance’s case, another move into the Latin America market.</p> 
<p> Read more: <a href="https://crypto.news/few-people-sent-money-to-el-salvador-using-bitcoin-and-crypto-in-h1-2023/" rel="noopener noreferrer nofollow"> Few people sent money to El Salvador using Bitcoin and Crypto in H1 2023 </a> </p>

Binance gets fully licensed in El Salvador

Table of Contents

crypto.news

Autres articles publiés le 9 août 2023

OpenAI Unveils GPTBot Web Crawler for ChatGPT Enhancement

13 banks in Russia chosen for digital ruble pilot program

Venom Foundation Partners with the UAE Government to Launch National Carbon Credit System

MetaCene Revolutionizes Blockchain Gaming with Successful MMORPG Alpha Test

BTC Battles Introduce Its Decentralized Social Game Built on Polygon

Will RSG Stock Price Fall More from its 50-Day Moving Average?

Join our free newsletter for daily crypto updates!