The exchange was granted both a Bitcoin Service Provider license and the first non-temporary Digital Asset Service Provider license, allowing it to offer personalized products and services in the country.

#Binance is pleased to announce that it has become the first fully licensed crypto exchange in El Salvador after being granted both a Bitcoin Service Provider license (BSP) and the first non-temporary Digital Assets by the Central Reserve Bank (Banco Central de Reserva). A Service Provider license (DASP) issued by the National Digital Assets Commission (ComisiĂłn Nacional de Activos Digitales).

This landmark achievement represents another step in Binance's ongoing efforts to obtain local licenses and permits in key Sundays worldwide. With this, the company has more approvals and registrations in 18 Sundays worldwide, including France, Italy, Spain, Sweden and Dubai, than all other crypto exchanges.

Min Lin, President of Binance Latin America, commented: "We are honored to receive this license as Binance continues to work collaboratively with regulatory agencies around the world to support global standards for the crypto and blockchain industry. This announcement comes after our team has worked diligently for months to provide all the information and perform the necessary due diligence required by the agencies, and demonstrates our commitment to the Salvadoran Sunday and our users. We are grateful to the Central Bank and the National Digital Assets Commission. The adoption of blockchain technology has created a thriving sector in El Salvador, proving that security and innovation are complementary assets. Now, it joins among the countries around the world that have granted regulatory licenses to Binance.Dec."

Daniel Acosta, General Manager of Binance Colombia, 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 support the adoption of crypto assets in the country, promote financial inclusion, innovation and cooperate closely with government authorities to ensure customer protection."

El Salvador became the first country in the world to recognize Bitcoin as a legal means of paying in 2021, two years ago, and approved a law regulating the issuance of other digital assets by both government and private organizations. #BTC #ElSalvador