Reserve

United

Bank AI

Bitcoin

Dubai

<div class="cryptonews"> 
 <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 <a rel="noopener noreferrer nofollow" title="fully" href="https://thebittimes.com/tag/fully.html">fully</a> <a rel="noopener noreferrer nofollow" title="licensed" href="https://thebittimes.com/tag/licensed.html">licensed</a> 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">#Binance is now El Salvador’s first <a rel="noopener noreferrer nofollow" title="fully" href="https://thebittimes.com/tag/fully.html">fully</a> <a rel="noopener noreferrer nofollow" title="licensed" href="https://thebittimes.com/tag/licensed.html">licensed</a> 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.https://t.co/BITj9zxdcZ</p>— Binance (@binance) August 8, 2023 
   </blockquote> 
  </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;CoinMarketCap, 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> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Binance re-enters Japan with 34 tokens listed 
 </div> 
 <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 <a rel="noopener noreferrer nofollow" title="license" href="https://thebittimes.com/tag/license.html">license</a>.</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> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Few people sent money to El Salvador using Bitcoin and Crypto in H1 2023 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div>

Binance gets fully licensed in El Salvador

Table of Contents

TheBitTimes

Autres articles publiés le 9 août 2023

Bank of Russia to Debut Digital Ruble Pilot on August 9!

Algorand-Based Airline Ticketing Firm Hits 1M Passenger Milestone

Web3 Security Startup Cube3.Ai Raised $8.2 Million, Led By Blockchange Ventures

$287,000 reportedly stolen in hack targeting Aave’s Earning Farm

Federal Reserve Requires Approval for Banks Engaging in Stablecoin

Capital flows from Cardano and Ethereum, InQubeta presale raises over $2 million

Join our free newsletter for daily crypto updates!