Binance is fully licensed by El Salvador to become the first compliant cryptocurrency exchange

Binance is pleased to announce that the Bank of El Salvador has granted Binance Bitcoin Service Provider License (BSP), while its National Crypto Assets Commission (Comisión Nacional de Activos Digitales) has granted Binance the country's first non-temporary cryptoasset service provider license (DASP), and since then Binance has become the first cryptocurrency exchange in El Salvador to be fully licensed. This is another milestone for Binance to continue to work in key global markets and obtain local licenses and licenses.

With these compliance licenses, Binance has received approval and registration in 18 markets worldwide, including France, Italy, Spain, Sweden and Dubai, more than any other cryptocurrency exchange. Min Lin, head of Binance Latin America, said: “We are honored to have both licenses and Binance will continue to work with global regulators to support global standards in the cryptocurrency and blockchain industries. For months, our team has been working to provide all the information of regulators and perform the due diligence they need, and this result demonstrates our commitment to the El Salvador market and users.

We express our gratitude to the Reserve Bank of China and the National Crypto Assets Commission. Their adoption of blockchain technology has created the conditions for the industry to flourish in El Salvador, proving that 'security' and 'innovation' can complement each other. Now, El Salvador joins the world's countries that grant Binance regulatory licenses. "These licenses allow Binance to provide products and services to Salvador users with specific needs," said Daniel Acosta, general manager of Binance Colombia, Central America and the Caribbean.

At the same time, it is also an excellent opportunity to work closely with the El Salvador government to support the adoption of cryptocurrency assets in the country, promote financial inclusion, innovation and ensure consumer protection. ” El Salvador became the first country in the world to recognize Bitcoin as a fiat currency in 2021 two years ago, and has passed laws that regulate the issuance of other crypto assets by states and private entities.