Next step DREX launch

Binance, a global leader in blockchain infrastructure and the world’s largest cryptocurrency platform by trading volume and users, has achieved its 21st global regulatory milestone. The company has received authorization from the Central Bank of Brazil to acquire the Sim;paul brokerage. With the announcement, Binance becomes the first cryptocurrency platform to hold a securities brokerage license in Brazil.By receiving approval for the acquisition of Sim;paul, a Brazilian brokerage that holds electronic money issuance (EMI) and securities distribution licenses granted by the Central Bank of Brazil, Binance, which already operated in accordance with the regulatory scenario in the country as a global exchange, may be more effective in complying with ongoing regulatory advances.