Binance has received approval from the Central Bank of Brazil to acquire Simpaul, which will allow them to sell securities and issue cryptocurrencies in Brazil.
Binance has received approval from the Central Bank of Brazil to acquire licensed brokerage Simpaul, its 21st regulatory milestone globally. This enables Binance to expand its services in Brazil, such as securities distribution and cryptocurrency issuance, demonstrating Binance’s strong commitment to complying with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) standards.
Binance, the world’s largest cryptocurrency exchange by trading volume, has become the first exchange to receive a brokerage license in Brazil, Latin America’s largest country by population and economy.
A big step for Binance
Binance Reaches 21st Global Regulatory Milestone
This is Binance’s 21st regulatory milestone globally, further affirming its efforts to meet the highest compliance standards. In Brazil, in addition to cryptocurrency trading, Binance can also provide securities distribution and cryptocurrency issuance services. This helps Binance gradually become an important part of the regional financial ecosystem.
Binance CEO Richard Teng called the move a major milestone for the company. "Brazil is home to a vibrant and progressive cryptocurrency community," he said. "This approval reflects our commitment to compliance and security, while also providing innovative financial services to Brazilians." Brazil is one of the world's leading countries in cryptocurrency adoption, ranking 10th in Chainalysis' report. The Central Bank of Brazil and the country's tax authorities issued clear guidelines for the cryptocurrency industry, while soliciting input from the public and businesses to develop fair and effective regulations. #比特币诞生16周年