As Binance continues to support global standards for the cryptocurrency and blockchain industry worldwide, it has received Bitcoin Services Provider (BSP) and Digital Asset Services Provider (DASP) licenses from regulators in El Salvador, becoming the first fully licensed cryptocurrency exchange in the country.🎉🇸🇻

This success for Binance includes the company's expansion in Italy, France, Sweden, Australia, United Arab Emirates (UAE), Japan and many more countries.

Binance Latin America President Min Lin praised El Salvador's move towards the cryptocurrency industry and stated that the exchange did the necessary preliminary review with local institutions before applying.

Binance General Manager for Colombia, Central America and the Caribbean, Daniel Acosta, argued that the company's latest license will allow it to offer crypto services and products "specific" to the needs of Salvadoran customers.

El Salvador was the first country to accept Bitcoin as its official currency and has launched numerous BTC-related initiatives and purchased assets at the macroeconomic level in recent years.