Binance Obtains Two Digital Asset Licenses in El Salvador: A Historic Milestone

Binance, the world’s leading crypto exchange, has achieved a historic milestone in El Salvador. It has obtained two licenses from the local authorities that allow it to operate legally in the country. One of the largest cryptocurrency exchanges on the planet, Binance, has officially received two digital asset licenses in the country of El Salvador.

Moreover, Binance has received two licenses in El Salvador, becoming the “first fully licensed” crypto exchange in the country. This represents a significant step forward for Binance's expansion in Latin America and reinforces El Salvador's position as a crypto-friendly nation.

Double Licensing for Bitcoin and Digital Asset Services

The Central Bank of El Salvador (Banco Central de Reserva) granted Binance a Bitcoin Services Provider (BSP) license, while the Salvadoran National Commission for Digital Assets issued the second license. The Central Bank of El Salvador (Banco Central de Reserva) granted Binance a Bitcoin Services Provider (BSP) license, while the Salvadoran National Commission for Digital Assets issued the license for digital asset services.

Binance has received two licenses in El Salvador, allowing it to provide Bitcoin services and digital asset services to residents. This includes a wider range of services, enhancing the platform’s offering for Salvadoran users.

Binance's Growing Global Presence

Binance is now approved or registered in 18 markets, demonstrating its commitment to regulatory compliance and its ambition to provide secure and accessible crypto services globally. The El Salvador licenses are a testament to Binance’s ongoing efforts to work with regulatory bodies around the world.