Having obtained two different licenses from El Salvador, Binance has expanded its licensed services to 18 regions.
Binance received two licenses from El Salvador. According to the news during the day, Binance took steps to strengthen its operations in El Salvador.
The Central Bank of El Salvador has granted Binance a Bitcoin Service Provider (BSP) license. In addition, the Salvadoran National Digital Assets Commission has also granted Binance a Digital Asset Service Provider license (DASP). These two licenses increased the strength of the exchange in the region.
Binance becomes the first fully licensed crypto exchange in El Salvador
Binance is licensed by the Central Bank of El Salvador and the National Digital Assets Commission of Salvador. One of the exchange’s two licenses offers non-temporary entitlements, making Binance the first fully licensed crypto exchange in the country.
Binance CEO CZ confirmed this news with his post on the social media platform. CZ shared Binance’s blog post. CZ stated that they are the first fully licensed crypto exchange in El Salvador and will continue to develop.
https://twitter.com/cz_binance/status/1688919529399992320
Making a statement on the subject, Binance Latin America President Min Lin said;
With the license obtained in El Salvador, the company continues its activities under license in 18 markets.