Binance has obtained two licenses in El Salvador from the
country’s central bank and the commission in charge of digital assets. The licensing bring the total number of countries acknowledging the cryptocurrency
exchange to 18, Binance said in a statement today (Tuesday).
The Central Bank of El
Salvador awarded Binance a Bitcoin Services Provider (BSP) license, while the
Salvadorian National Commission for Digital Assets issued the exchange a
non-provisional Digital Services Provider (DASP) license, the company said.
Commenting about the approvals,
Daniel Acosta, Binance’s General Manager for Columbia, Central America, and the
Caribbean, said: “These licenses allow Binance to expand the products and
services offered including options tailored to the needs of our customers in El
Salvador. It is also a great opportunity to collaborate closely with
governmental authorities to support the adoption of crypto assets in the
country, foster financial inclusion, innovation and ensure customer protection.”
In April, El Salvador granted
Bitfinex the country’s
first license for digital asset services, the company announced. The license
was issued to Bitfinex Securities and allows the company to offer tokenized
securities in the Central American…
