The government won't know what I do, down with capitalism and long live decentralization, Brazil is one of the biggest tax collectors in the world and I'm not going to pay for their little favors.

Hey guys, what news to start the year!!

I've seen a lot of people talking about withdrawing their earnings from Binance and migrating to other brokers. I'd like to know what the more experienced people think about this subject, since I haven't been in the business for very long.

I'll leave you with the news⚠️
After more than two years of waiting, the Central Bank (BC) finally authorized Binance to purchase the Sim;paul brokerage at the end of 2024. Sim;paul was at a standstill, without operating.

With this approval from the BC, Binance becomes the first cryptocurrency company to have a license to operate as a securities brokerage in Brazil. This means that, as a regulated company in the country, Binance will be able to make financial transactions directly, such as bank transfers and Pix, without needing other companies to mediate these operations. Currently, Binance uses Latam Gateway, a payments company from Paraná, to connect to banks.

The Central Bank's decision was highly anticipated by those who work with cryptocurrencies and was published on the last day of 2024. To grant this authorization, the Central Bank evaluated many aspects of Binance, such as the amount of money the company has, how it is organized internally, the reputation of its owners and directors, as well as security, technology and compliance with laws.