{"id":22780,"date":"2023-08-08T15:38:10","date_gmt":"2023-08-08T15:38:10","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-secures-crypto-exchange-licenses-in-el-salvador\/"},"modified":"2023-08-08T15:38:10","modified_gmt":"2023-08-08T15:38:10","slug":"binance-secures-crypto-exchange-licenses-in-el-salvador","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-secures-crypto-exchange-licenses-in-el-salvador\/","title":{"rendered":"Binance secures crypto exchange licenses in El Salvador"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1691506944884-fe80e205-0fbd-4657-9d77-e11145a2891a-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1691506944884-fe80e205-0fbd-4657-9d77-e11145a2891a-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1691506944884-fe80e205-0fbd-4657-9d77-e11145a2891a-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1691506944884-fe80e205-0fbd-4657-9d77-e11145a2891a-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Binance has secured approval as both a Bitcoin Services Provider and the first non-provisional Digital Assets Services Provider.<\/li>\n<li dir=\"ltr\">The licenses allow the exchange to offer tailor-made crypto products and services in El Salvador, according to a press release.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/exchanges\/binance\/\">Binance<\/a> has been granted two key licenses in <a href=\"https:\/\/coinjournal.net\/news\/tag\/el-salvador\/\">El Salvador<\/a>, becoming the first fully-licensed crypto exchange in the country. El Salvador recognised Bitcoin as legal tender in 2021, the first country in the world to take the step.<\/p>\n<p dir=\"ltr\">CEO Changpeng Zhao tweeted (Xd) the news.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\">#Binance<\/a> is pleased to announce that it has become the first fully licensed crypto exchange in El Salvador.\ud83c\uddf8\ud83c\uddfb<\/p>\n<p>Let\u2019s keep making crypto more accessible.<a href=\"https:\/\/t.co\/kz91z2LAcL\">https:\/\/t.co\/kz91z2LAcL<\/a><\/p>\n<p>\u2014 CZ \ud83d\udd36 Binance (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1688919529399992320?ref_src=twsrc%5Etfw\">August 8, 2023<\/a><\/p>\n<\/blockquote>\n<h2 dir=\"ltr\">Binance acquires two licenses in El Salvador<\/h2>\n<p dir=\"ltr\">According to an <a href=\"https:\/\/www.binance.com\/en\/blog\/ecosystem\/binance-becomes-first-fully-licensed-crypto-exchange-in-el-salvador-348306456147004721\" rel=\"noopener noreferrer\" target=\"_blank\">announcement<\/a> the Binance team published on Tuesday, the exchange has received the Bitcoin Services Provider license (BSP) and the Digital Assets Services Provider license (DASP) \u2013 issued by El Salvador\u2019s Central Reserve Bank (Banco Central de Reserva) and the National Commission of Digital Assets (Comisi\u00f3n Nacional de Activos Digitales) respectively.\u00a0<\/p>\n<p dir=\"ltr\">The DASP license sees Binance become the first non-provisional crypto services provider in the Central American country.<\/p>\n<p dir=\"ltr\">\u201c<em>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<\/em>,\u201d Min Lin, Binance Head of Latin America, said in a statement.<\/p>\n<p dir=\"ltr\">The approvals and the official announcement come after regulators completed all the due diligence and is a pointer to Binance\u2019s continued pursuit of <a href=\"https:\/\/coinjournal.net\/news\/tag\/regulation\/\">regulatory compliance<\/a> across the world, the exchange noted in a press release.<\/p>\n<p dir=\"ltr\">El Salvador is thus among several countries to license Binance or grant it registration status, including Italy, France, Spain, Sweden and Dubai.<\/p>\n<p dir=\"ltr\">Commenting on the latest approval, Daniel Acosta, the Binance General Manager for Colombia, Central America and Caribbean, noted:<\/p>\n<p dir=\"ltr\">\u201c<em>These licenses allow Binance to expand the products and services offered including options tailored to the needs of our customers in El Salvador. It is also a great opportunity to collaborate closely with government authorities to support the adoption of crypto assets in the country, foster financial inclusion, innovation and ensure customer protection<\/em>.\u201d<\/p>\n<p dir=\"ltr\">Binance was sued by the SEC in June and has exited a number of countries due to regulatory issues. However, it\u2019s also been aggressive in its expansion efforts, including into Japan.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/binance-becomes-first-fully-licensed-crypto-exchange-in-el-salvador\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Binance has secured approval as both a Bitcoin Services Provider and the first non-provisional Digital Assets Services Provider. The licenses allow the exchange to offer tailor-made crypto products and services in El Salvador, according to a press release. Binance has been granted two [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":22781,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22780"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22780"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22780\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22781"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}