• News
    • Latest News
    • Press Releases
  • Markets
  • Articles
    • Opinion
    • Explainers
    • Guest Posts
    • Sponsored Posts
  • Policy
  • Videos
  • Podcasts
  • Learn
    • DeFi Basics
    • Blockchain Fundamentals
    • Tutorials
    • Reviews
  • Research
    • Case Studies
  • Explore
    • NFTs
    • DAOs
    • Crypto Gaming
    • Metaverses
    • Web3
    • Stablecoins
    • CBDCs
    • DeFi
  • Markets Pro
    • Swap Crypto
    • DeFi Planet Pro
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
  • News
    • Latest News
    • Press Releases
  • Markets
  • Articles
    • Opinion
    • Explainers
    • Guest Posts
    • Sponsored Posts
  • Policy
  • Videos
  • Podcasts
  • Learn
    • DeFi Basics
    • Blockchain Fundamentals
    • Tutorials
    • Reviews
  • Research
    • Case Studies
  • Explore
    • NFTs
    • DAOs
    • Crypto Gaming
    • Metaverses
    • Web3
    • Stablecoins
    • CBDCs
    • DeFi
  • Markets Pro
    • Swap Crypto
    • DeFi Planet Pro
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Latest News

Binance Secures Regulatory Approval to Provide Crypto Services in El Salvador

9 August 2023
in Latest News, News
Reading Time: 3 mins read
105 4
Binance Secures Regulatory Approval to Provide Crypto Services in El Salvador

source: coinpedia.org

On August 8, 2023, Binance announced that it had been granted a licence to offer crypto services to residents of El Salvador. With these regulatory approvals, Binance can now provide tailored cryptocurrency products and services in the country.

#Binance is now El Salvador’s first fully licensed crypto exchange! 🇸🇻

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

— Binance (@binance) August 8, 2023

The crypto exchange received two licences: the first being a Bitcoin Services Provider licence (BSP) by the El Salvador Central Reserve Bank (Banco Central de Reserva and a non-provisional Digital Assets Services Provider licence (DASP) granted by the National Commission of Digital Assets.

Min Lin, Binance Head of Latin America, stated: 

“We are honored to be granted this license, as Binance continues to work collaboratively with regulatory agencies around the world to support global standards for the crypto and blockchain industry.”

Lin noted that this announcement follows several months of unwavering commitment from their team to furnish comprehensive information and fulfill the requisite due diligence mandated by the regulatory bodies. According to Lin, the success of these efforts underscores their steadfast dedication to the Salvadoran market and their user base. 

Lin also commended the Central Reserve Bank and the National Commission of Digital Assets, noting that their efforts to adopt blockchain technology have cultivated a flourishing sector in El Salvador.

This achievement follows another recent milestone for Binance. In July 2023, Binance FZE, the exchange’s Asia Division, announced that it had secured an Operational Minimum Viable Product license from Dubai’s Virtual Assets Regulatory Authority (VARA). This licence authorizes Binance to offer services for virtual asset exchange and virtual asset broker-dealer activities within the region. 

Binance noted that it would prioritize serving institutional and qualified retail investors with a firm commitment to upholding VARA’s stringent standards to ensure investor protection and bolster market confidence.

Binance’s attainment of these licenses marks a significant milestone in the company’s ongoing efforts to secure local licenses and permissions in key global markets. Impressively, Binance has now garnered approvals and registrations in 18 markets worldwide.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with Markets PRO, DeFi Planet’s suite of analytics tools.

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: BINANCEEl Salvador
Share63Tweet40Share11
Previous Post

Bitsonic CEO Arrested in South Korea for Embezzling User Funds

Next Post

Russia’s Central Bank to Begin Pilot Testing of Digital Ruble on August 15

Favour Udeo

Favour Udeo

Favour is a writer, who is interested in blockchain, DeFi, and Web3 in general. She finds machine learning and emerging technologies interesting.

Related Posts

France, Singapore, and Switzerland Test Cross-Border CBDCs in Project Mariana
CBDCs

France, Singapore, and Switzerland Test Cross-Border CBDCs in Project Mariana

28 September 2023

The Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland have completed a collaborative experimental test focused on cross-border trading and settlement involving wholesale central bank digital currencies (CBDCs). According to a report published...

Binance Asks Users to Convert Their EUR Balances to USDT After Paysafe Pullout
Latest News

Binance Asks Users to Convert Their EUR Balances to USDT After Paysafe Pullout

28 September 2023

Binance, on Thursday, September 28, 2023, announced that there would be a brief interruption of euro (EUR) payments due to Paysafe's unilateral decision "to stop processing EUR deposits" for the exchange's users.  The exchange stated that Paysafe users will...

Kraken Expands European Footprint with Licence Approvals in Spain and Ireland
News

Kraken Expands European Footprint with Licence Approvals in Spain and Ireland

27 September 2023

Popular cryptocurrency exchange Kraken has marked a significant stride in its European expansion drive. On September 26, 2023, the exchange announced that it had secured licencing approvals from the Central Bank of Ireland and the Bank of Spain. These...

Binance Exits the Russian Market, Returns to Full Operations in Belgium
Latest News

Binance Exits the Russian Market, Returns to Full Operations in Belgium

27 September 2023

Binance is bidding farewell to the Russian market, selling its business subsidiary in the nation to CommEX. While this exit process will unfold over the next year, Binance has assured its Russian users that their funds will remain unaffected....

Swap Crypto

Markets Update

PayPal USD Stablecoin: A Win For Ethereum Or A Return to Centralization?

2 months ago

Worldcoin (WLD) Price Surges on Launch, But Privacy Concerns Issues Cast Doubts

2 months ago

XRP Skyrockets as Ripple Scores Partial Victory In SEC Battle; What Next for US Crypto Regulation?

2 months ago

Bitcoin May Be on a Bullish Trend As Price Approaches the $26,800 Key Support Level

4 months ago

DOGE Hits $10B Market Cap; Community Criticizes New Twitter CEO Appointment

4 months ago

NFT Market in Q1 2023: A Tale of Strong Starts, Mixed Performances, and Shifting Market Dynamics

5 months ago
Read More

Spotlight

All about SolChicks

All about Algorand

All about Bitcoin

All about Goracle

Press Releases

Gora Network Launches Testnet on Arbitrum

Gora Network Launches Testnet on Arbitrum

byGuest Author
13 August 2023
0

...

Blockswap to Host Multichain ERC20 Side Event at ETHCC

Blockswap to Host Multichain ERC20 Side Event at ETHCC

byGuest Author
8 July 2023
0

...

Goracle’s $GORA Initial DEX Offering Is Live on DeFi planet

Goracle’s $GORA Initial DEX Offering Is Live!

byGuest Author
28 June 2023
0

...

BitMEX Introduces a New PnL Realisation Feature for More Capital-Efficient Cross-Margining

BitMEX Introduces a New PnL Realization Feature

byGuest Author
13 April 2023
0

...

BitMEX Joins TRUST Protocol to Expand Travel Rule Compliance Capabilities, Aims to Adapt Swiftly in an Evolving Landscape

BitMEX Joins TRUST Protocol to Expand Travel Rule Compliance Capabilities

byGuest Author
13 April 2023
0

...

Read More
  • About Us
  • The Team
  • Careers
  • Contact
  • Partnerships

© Copyright 2023 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

No Result
View All Result
  • News
    • Latest News
    • Press Releases
  • Markets
  • Articles
    • Opinion
    • Explainers
    • Guest Posts
    • Sponsored Posts
  • Policy
  • Videos
  • Podcasts
  • Learn
    • DeFi Basics
    • Blockchain Fundamentals
    • Tutorials
    • Reviews
  • Research
    • Case Studies
  • Explore
    • NFTs
    • DAOs
    • Crypto Gaming
    • Metaverses
    • Web3
    • Stablecoins
    • CBDCs
    • DeFi
  • Markets Pro
    • Swap Crypto
    • DeFi Planet Pro
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00