The post Just In: Binance Secures Major Regulatory Approval in Brazil appeared first on Coinpedia Fintech News
In a latest develpment, Binance has secured a major regulatory approval in Brazil to acquire Sim;paul, a broker-dealer licensed in the region. The exchange noted that this achievement marks its 21st global regulatory milestone, further solidifying its status as the cryptocurrency exchange with the greatest number of licenses, registrations, and authorizations across the world.
By receiving full approval for the takeover of Sim;paul, Binance, which was already operating in compliance with the regulatory requirements in the country as a global exchange, can be more efficient in complying with the ongoing regulatory advancements. The approval also makes Binance the first crypto exchange to have a broker-dealer license in Brazil.