- The exchange claims it is now registered in 18 different countries across the world.
- Binance has found refuge in El Salvador from the storm of regulations.
Binance has recently announced it has been granted a full license to operate in El Salvador. This landmark event coincides with the rising acceptance of Bitcoin (BTC) as legal money in the nation.
The exchange has made history with this statement by being the first cryptocurrency exchange to be granted licenses to operate in El Salvador by the country’s Central Bank and National Commission of Digital Assets.
#Binance is pleased to announce that it has become the first fully licensed crypto exchange in El Salvador.🇸🇻
— CZ 🔶 Binance (@cz_binance) August 8, 2023
Let’s keep making crypto more accessible.https://t.co/kz91z2LAcL
Moreover, Binance is proving once again that it is serious about providing its customers with a safe and lawful trading environment by obtaining the first full license in El Salvador.
The exchange claims it is now registered in 18 different countries across the world. Binance’s commitment to meeting the needs of customers all across the world means that the company is actively expanding into new areas where it may operate legally.
Much-needed Relief
Binance’s new Latin American head, Min Lin, has applauded the Salvadoran government’s embrace of cryptocurrency, saying that it exemplifies the balance between safety and progress in the digital asset industry.
Binance’s licensing in El Salvador is seen as a positive step for the country’s cryptocurrency industry. Moreover, Binance has been under increasing scrutiny from governments throughout the world in recent times.
As a result of government intervention in several countries, Binance has been pushed out of several markets. Binance has found refuge in El Salvador from the storm of regulations. The El Salvadorian government’s green light for Binance has several positive implications for the troubled exchange.
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