Snapshot: Binance’s Global Regulatory Status

Global cryptocurrency exchange Binance seeks to become the world’s dominant crypto service provider through ongoing license acquisitions.

BSCN

August 22, 2022

Crypto Regulation

Global cryptocurrency exchange Binance has been leading the way in acquiring licenses to operate and provide crypto services across the planet.

In a recent tweet, Binance CEO Changpeng Zhao “CZ” said that Binance is “the most licensed crypto exchange globally.” Over the past year, BSC News has been actively following all of the various licenses the exchange has acquired.

Some of these came through acquisitions of securities firms, such as in Brazil. Just recently, Binance posted to its blog the announcement that they’ve acquired a preliminary regulatory approval to operate in Kazakhstan.

“Kazakhstan has shown itself to be a pioneer in Central Asian crypto adoption and regulation,” Zhao said. “This further signifies Binance’s commitment to being a compliance-first exchange and providing products and services in a safe and well-regulated environment across the globe.”

So let’s take a look at how many of these approvals Binance has garnered in just the last six months:

March 2022 - Binance Signs MOU to Acquire Brazilian Securities Firm

March 2022 - Binance Solidifies MENA Presence with Dubai License

March 2022 - Binance Confirmed as Crypto Service Provider in the Kingdom of Bahrain

May 2022 - Binance Completes Digital Asset Service Provider Registration in France

May 2022 - Binance Obtains Regulatory Approval in Italy

July 2022 - Binance Signs MOU with Cambodia

August 2022 - Binance Gets Preliminary License to Operate in Kazakhstan

In addition to seeking regulatory approvals, Binance has actively been expanding its global reach through other means, such as funding and acquisitions through its investment arm Binance Labs, and joining FinTech associations as they did in the United Kingdom.

What Is Binance:

Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.

Where to find Binance:

Website | Twitter | Discord | Telegram |

Disclaimer

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Author

BSCN

BSCN's dedicated writing team brings over 41 years of combined experience in cryptocurrency research and analysis. Our writers hold diverse academic qualifications spanning Physics, Mathematics, and Philosophy from leading institutions including Oxford and Cambridge. While united by their passion for cryptocurrency and blockchain technology, the team's professional backgrounds are equally diverse, including former venture capital investors, startup founders, and active traders.