🔘 Binance makes a major breakthrough in El Salvador!
The world's largest cryptocurrency exchange becomes the first fully regulated player in the country.
Here's how :
THREAD 🧵
🔸 Binance has obtained the Bitcoin Services Provider (BSP) license and the first non-provisional Digital Asset Service Provider (DASP) license issued by Salvadoran authorities.
A remarkable feat!
🔸This marks Binance's 18th approval worldwide, following successes in France, Italy, Spain and most recently Dubai. Binance is truly a global pioneer in the crypto ecosystem.
🔸According to Min Lin, Binance Head of Latin America, obtaining this license shows their commitment to working with global regulators to support crypto and blockchain industry standards.
🔸El Salvador is the first country to make #bitcoin legal tender. Binance's approval here significantly expands the services offered by the platform in this revolutionary country.
🔸In April, Bitfinex claimed to be the first exchange to obtain the DASP license, but did not obtain the BSP license. Binance is therefore the first to obtain both licenses in El Salvador.
🔸El Salvador continues to develop in the crypto field, notably with the Volcano Energy project, launched in partnership with Tether and the Salvadoran government.
🔸Unlike the others, Binance already operated in El Salvador via an offshore exchange.
These regulatory approvals strengthen its presence and influence in the country.
🔸The success of #Binance to #Salvador 🇸🇻 is a significant step for cryptocurrency and #blockchain .
This is further proof that the #crypto revolution is underway. Proud to be part of this journey with all of you.
Nice you thread 🧵
