#Write2Earn

Binance Authorized to Sell Securities and Issue Crypto in Brazil

Binance has received approval from the Central Bank of Brazil to acquire Simpaul, a licensed brokerage firm, marking its 21st regulatory milestone globally. This allows Binance to expand its services such as securities distribution and cryptocurrency issuance in Brazil, demonstrating Binance’s strong commitment to complying with anti-money laundering (AML) and counter-terrorism financing (CFT) standards.

The world’s largest cryptocurrency exchange Binance by trading volume has become the first exchange to receive a brokerage license in Brazil – the largest country in Latin America in terms of both population and economic size.

A big step for Binance

Binance Reaches 21st Global Regulatory Milestone

This is Binance’s 21st regulatory milestone globally, further affirming its efforts to achieve the highest compliance standards. In Brazil, in addition to cryptocurrency trading, Binance can also provide securities distribution and cryptocurrency issuance services. This helps Binance gradually become an important part of the regional financial ecosystem.