#Binance has obtained authorizations and registrations in 18 markets globally, making it the first cryptocurrency exchange with a full licence in El Salvador.
The exchange holds the first non-provisional Digital Assets Services Provider licence as well as a licence as a Bitcoin Services Provider.
Binance is now able to provide locally customised goods and services thanks to these certifications.
Binance, the largest #cryptocurrency exchange by trading volume, is now free to operate in El Salvador under President Nayib Bukele after obtaining necessary authorization that would enable it to provide tailored goods and services to El Salvadorean citizens.
Binance has obtained authorizations and registrations in 18 markets globally, making it the first cryptocurrency exchange with a full licence in El Salvador.
The exchange holds the first non-provisional Digital Assets Services Provider licence as well as a licence as a Bitcoin Services Provider.
Binance is now able to provide locally customised goods and services thanks to these certifications.
After obtaining vital licencing that will enable it to offer tailored products and services to El Salvador's citizens, Binance, the largest cryptocurrency exchange by trading volume, is ready to operate freely in the nation of President Nayib Bukele.
The first non-provisional Digital Assets Services Provider (DASP) licence and a Bitcoin Services Provider (BSP) licence are two important licences that Binance Exchange has obtained in El Salvador. The two licences provide Binance full exchange status in El Salvador and give the company permission to provide "tailor-made products and services in the nation."
The National Commission of Digital Assets (Comisión Nacional de Activos Digitales) issued the DASP, whilst the Central Reserve Bank (Banco Central de Reserva) issued the BSP.
With this, Binance has received authorization for 18 markets worldwide, which is a significant accomplishment given that no other exchange has received as many authorizations. Now, the exchange is registered in a number of countries, including France, Italy, Spain, Sweden, and Dubai.
Using Min Lin, the head of Binance's Latin American division, as an example:
Binance is still collaborating with regulatory bodies from all around the world to support international norms for the blockchain and cryptocurrency industries.
Even while the exchange will have operational independence in the Central American nation, it is still restricted by strict regulatory authorities in the US. With Binance Coin (BNB) and Binance USD (BUSD) being classified as securities, the US Securities and Exchange Commission (SEC) is still pursuing the exchange and its CEO, #ChangpengZhao .
In addition, Binance and its CEO are under investigation by the financial watchdog for mixing and transferring billions of dollars in user funds to a third party company owned by CZ.
Together with the SEC, the US Commodities Futures Trading Commission (CFTC) is taking action against Binance over claims that it provided unregistered cryptocurrency derivative products and instructed American customers to use VPNs to get around compliance measures, among other things.
It should be noted that Binance has refuted both reports, blaming FUD, but has continued to operate under both regulators' strict control. Recently, the US Department of Justice (DOJ) has been considering filing fraud charges against the exchange, but it is choosing to go cautiously in order to protect users.
Binance has obtained authorizations and registrations in 18 markets globally, making it the first cryptocurrency exchange with a full licence in El Salvador.
The exchange holds the first non-provisional Digital Assets Services Provider licence as well as a licence as a Bitcoin Services Provider.
Binance is now able to provide locally customised goods and services thanks to these certifications.
After obtaining vital licencing that will enable it to offer tailored products and services to El Salvador's citizens, Binance, the largest cryptocurrency exchange by trading volume, is ready to operate freely in the nation of President Nayib Bukele.
The first non-provisional Digital Assets Services Provider (DASP) licence and a Bitcoin Services Provider (BSP) licence are two important licences that Binance Exchange has obtained in El Salvador. The two licences provide Binance full exchange status in El Salvador and give the company permission to provide "tailor-made products and services in the nation."
The National Commission of Digital Assets (Comisión Nacional de Activos Digitales) issued the DASP, whilst the Central Reserve Bank (Banco Central de Reserva) issued the BSP.
With this, Binance has received authorization for 18 markets worldwide, which is a significant accomplishment given that no other exchange has received as many authorizations. Now, the exchange is registered in a number of countries, including France, Italy, Spain, Sweden, and Dubai.
Using Min Lin, the head of Binance's Latin American division, as an example:
Binance is still collaborating with regulatory bodies from all around the world to support international norms for the blockchain and cryptocurrency industries.
Even while the exchange will have operational independence in the Central American nation, it is still restricted by strict regulatory authorities in the US. With Binance Coin (BNB) and Binance USD (BUSD) being classified as securities, the US Securities and Exchange Commission (SEC) is still pursuing the exchange and its CEO, Changpeng Zhao.
In addition, Binance and its CEO are under investigation by the financial watchdog for mixing and transferring billions of dollars in user funds to a third party company owned by CZ.
Together with the SEC, the US Commodities Futures Trading Commission (CFTC) is taking action against Binance over claims that it provided unregistered cryptocurrency derivative products and instructed American customers to use VPNs to get around compliance measures, among other things.
It should be noted that Binance has refuted both reports, blaming FUD, but has continued to operate under both regulators' strict control. Recently, the US Department of Justice (DOJ) has been considering filing fraud charges against the exchange, but it is choosing to go cautiously in order to protect users.
Daniel Acosta, General Manager for Central America and the Caribbean at Binance, praised the move as well, calling it a chance for cooperation with the El Salvadorian government on cryptocurrency adoption, financial inclusion, innovation, and client protection.
#BNB price stagnates while Binance advances internationally
Despite the biggest cryptocurrency exchange making headway globally, Binance Coin (BNB) is still trapped in a range. While bulls attempt to post further gains, the altcoin is testing the $247.9 level of the 50-day EMA. BNB price might hit the $256.5 resistance level and, in a strongly bullish scenario, run into the 100-day EMA at $261.8 if seller momentum increases above current levels.
The rising momentum is indicated by the relative strength index (RSI), which is pushing north. The Awesome Oscillator (AO) histograms are also positive, indicating that bulls are driving the market.
