Binance has secured the distinction of becoming the first fully licensed cryptocurrency exchange in El Salvador. This notable accomplishment has been made possible through the issuance of the Bitcoin Services Provider license (BSP) by the Central Reserve Bank (Banco Central de Reserva), along with the groundbreaking non-provisional Digital Assets Services Provider license (DASP), granted by the National Commission of Digital Assets (Comisión Nacional de Activos Digitales).

This achievement underscores Binance's ongoing commitment to securing local licenses and regulatory approvals within pivotal global markets. This recognition marks the 18th worldwide market in which Binance has obtained regulatory endorsements, surpassing other players in the crypto exchange arena. Notable markets where Binance holds regulatory approvals include France, Italy, Spain, Sweden, and Dubai.

Min Lin, Binance's Head of Latin America, expressed gratitude for the license, emphasizing the company's cooperative approach with global regulatory agencies to uphold crypto industry standards. Binance's dedication to due diligence and compliance reflects its commitment to the Salvadoran market and its users.

Daniel Acosta, Binance General Manager for Colombia, Central America, and the Caribbean, emphasized, "These licenses empower Binance to diversify our suite of offerings, catering to the distinct preferences of our clients in El Salvador. This milestone also presents an invaluable prospect for us to engage in close collaboration with governmental bodies to advance the adoption of crypto assets, encourage financial inclusivity, foster innovation, and guarantee consumer safeguarding."

El Salvador, renowned for recognizing Bitcoin as legal tender in 2021, has further solidified its progressive stance by granting Binance these licenses. This development opens avenues for tailored product offerings and collaboration between Binance and the government to advance crypto adoption, financial inclusivity, innovation, and user protection in the country.

What is Binance:

Binance is the world's leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more.

Where to find Binance:

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