First Licensed Cryptocurrency Exchange in Brazil!
Binance, the world's leading cryptocurrency exchange, has just received approval from the Central Bank of Brazil to acquire a licensed brokerage. This is Binance's 21st global regulatory achievement, marking an important step for the platform in the largest market in Latin America. With the new license to acquire Sim;paul, Binance can now distribute securities and issue cryptocurrencies in Brazil, becoming the first cryptocurrency exchange to hold a brokerage license in the country. Richard Teng, CEO of Binance, expressed his excitement and commitment to regulatory compliance in providing a safe platform for users. Brazil is working to regulate the cryptocurrency industry with the participation of the Central Bank and the Tax Authority in proposing new rules. Binance continues to expand its global reach, gaining approval in countries such as Argentina, India, and Japan, demonstrating its commitment to international regulatory compliance.
