Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Finish Bitcoin price inches in the direction of all time-can Momentum?

2025-05-19

Only 5% will make it

2025-05-19

SEC chairman Atkins confirms the end of hard crypto enforcement, proposes a uniform framework

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

    2025-05-19

    Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

    2025-05-19

    Sentismai integrates Kyberswap for seamless EVM -Kettingwaps

    2025-05-19

    Alchemie acquires Solana developer Dexterlab for unknown sum

    2025-05-19

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19
  • NFT

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Finish Bitcoin price inches in the direction of all time-can Momentum?

    2025-05-19

    XRP -Price confirms Bullish reversing settings with this demand zone

    2025-05-19

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»Binance becomes El Salvador’s first licensed crypto exchange amid regulatory struggles worldwide
Binance becomes El Salvador’s first licensed crypto exchange amid regulatory struggles worldwide
Regulation

Binance becomes El Salvador’s first licensed crypto exchange amid regulatory struggles worldwide

2023-08-08No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Cryptocurrency exchange Binance is the first licensed crypto platform in El Salvador after receiving two licenses from the Central American country, according to an Aug. 8 statement.

Binance said it was licensed as a Bitcoin Services Provider (BSP) by the Central Bank of El Salvador (Banco Central de Reserva). At the same time, the National Commission of Digital Assets (Comisión Nacional de Activos Digitales) approved it as the first non-provisional Digital Assets Services Provider license (DASP).

Daniel Acosta, Binance general manager for Colombia, Central America, and the Caribbean, said the license allows the exchange to expand its products and services in the crypto-friendly country, adding that:

“It is also a great opportunity to collaborate closely with government authorities to support the adoption of crypto assets in the country, foster financial inclusion, innovation and ensure customer protection.”

El Salvador’s positive posture toward crypto

El Salvador maintains a friendly posture towards the crypto industry, with the Central American country adopting Bitcoin as a legal tender in 2021.

Since then, the Latin American country has acquired over 2300 BTC, valued at more than $70 million, according to data from Buy Bitcoin Worldwide. The government has also introduced several pro-crypto measures, including a bill allowing the country to sell bonds backed by Bitcoin.

Despite these moves, CryptoSlate reported that BTC adoption remains low as citizens question the cryptocurrency’s benefits.

Earlier in the year, Bitfinex said it became the first fully regulated digital assets exchange to receive a DASP license in El Salvador.

Binance now licensed in 18 countries

Meanwhile, despite Binance’s recent regulatory struggles across multiple jurisdictions, its license in El Salvador makes it among the most widely-licensed crypto platform, with approvals and registrations in 18 countries, including Dubai, France, Italy, Spain, Japan, Sweden, etc.

See also  Proof-of-Work Layer-1 Crypto Project Defies Market Doldrums and Surges by 29% This Week Amid New Integrations

Last month, Binance exited several European countries, including the United Kingdom, Netherlands, Cyprus, and others, due to its failure to get appropriate regulatory approval to continue its operation.

Additionally, the exchange faces regulatory challenges in the U.S., where the Securities and Exchange Commission (SEC) and other regulatory agencies have filed charges against its lack of compliance with local regulations.

Source link

Binance Crypto Exchange licensed Regulatory Salvadors struggles worldwide
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEC chairman Atkins confirms the end of hard crypto enforcement, proposes a uniform framework

2025-05-19

Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

2025-05-19

Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

2025-05-19

Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

2025-05-18
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Ark and 21Shares are adapting the spot Ethereum ETF with a cash creation/redemption policy

2024-02-07

Singapore Court Approves Next Step in Crypto Exchange WazirX’s Refund Process After Massive $230,000,000 Hack

2025-01-24

Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

2025-05-12
Editors Picks

Crypto Analyst Predicts Short Squeeze for Binance Coin (BNB) – But There’s a Big Catch

2023-07-09

Yuga Labs and Roar Studios to Redefine the Metaverse

2023-08-01

Crypto Expert Says Cardano Will Rise to $32 as Most Valuable Altcoin in the Bull Run, Here’s Why

2023-12-15

Efrogs NFT holders get free personalized ENS subdomains on Linea

2024-10-14
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Finish Bitcoin price inches in the direction of all time-can Momentum?

Only 5% will make it

SEC chairman Atkins confirms the end of hard crypto enforcement, proposes a uniform framework

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,431.091.28%
  • ethereumEthereum(ETH)$2,512.324.78%
  • tetherTether USDt(USDT)$1.00-0.04%
  • rippleXRP(XRP)$2.380.56%
  • binancecoinBNB(BNB)$649.531.26%
  • solanaSolana(SOL)$166.41-0.31%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2239220.76%
  • cardanoCardano(ADA)$0.740.85%
  • tronTRON(TRX)$0.2657510.14%
  • suiSui(SUI)$3.811.02%
  • chainlinkChainlink(LINK)$15.773.00%
  • avalanche-2Avalanche(AVAX)$22.16-0.26%
  • stellarStellar(XLM)$0.2865230.35%
  • hyperliquidHyperliquid(HYPE)$26.491.27%
  • shiba-inuShiba Inu(SHIB)$0.0000151.29%
  • hedera-hashgraphHedera(HBAR)$0.1926801.21%
  • unus-sed-leoUNUS SED LEO(LEO)$8.690.13%
  • bitcoin-cashBitcoin Cash(BCH)$392.06-1.13%
  • the-open-networkToncoin(TON)$3.02-2.45%
  • litecoinLitecoin(LTC)$98.741.01%
  • polkadotPolkadot(DOT)$4.59-0.56%
  • moneroMonero(XMR)$342.581.38%
  • bitget-tokenBitget Token(BGB)$5.191.42%
  • pepePepe(PEPE)$0.0000132.31%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.740.94%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • uniswapUniswap(UNI)$5.962.25%
  • aaveAave(AAVE)$240.878.55%
  • bittensorBittensor(TAO)$406.46-0.56%
  • nearNEAR Protocol(NEAR)$2.761.33%
  • aptosAptos(APT)$5.162.45%
  • okbOKB(OKB)$52.18-0.86%
  • ondo-financeOndo(ONDO)$0.921.38%
  • ethereum-classicEthereum Classic(ETC)$18.432.15%
  • kaspaKaspa(KAS)$0.106925-1.44%
  • internet-computerInternet Computer(ICP)$5.201.34%
  • gatechain-tokenGateToken(GT)$21.41-0.63%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.850.23%
  • crypto-com-chainCronos(CRO)$0.096142-1.11%
  • mantleMantle(MNT)$0.72-0.80%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232767-0.59%
  • vechainVeChain(VET)$0.0279770.00%
  • render-tokenRender(RENDER)$4.561.34%
  • usd1World Liberty Financial USD(USD1)$1.00-0.05%
  • ethenaEthena(ENA)$0.363336-1.45%
  • algorandAlgorand(ALGO)$0.2218971.65%
  • filecoinFilecoin(FIL)$2.861.55%
  • arbitrumArbitrum(ARB)$0.3903483.08%
  • bitcoinBitcoin(BTC)$105,431.091.28%
  • ethereumEthereum(ETH)$2,512.324.78%
  • tetherTether USDt(USDT)$1.00-0.04%
  • rippleXRP(XRP)$2.380.56%
  • binancecoinBNB(BNB)$649.531.26%
  • solanaSolana(SOL)$166.41-0.31%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2239220.76%
  • cardanoCardano(ADA)$0.740.85%
  • tronTRON(TRX)$0.2657510.14%
  • suiSui(SUI)$3.811.02%
  • chainlinkChainlink(LINK)$15.773.00%
  • avalanche-2Avalanche(AVAX)$22.16-0.26%
  • stellarStellar(XLM)$0.2865230.35%
  • hyperliquidHyperliquid(HYPE)$26.491.27%
  • shiba-inuShiba Inu(SHIB)$0.0000151.29%
  • hedera-hashgraphHedera(HBAR)$0.1926801.21%
  • unus-sed-leoUNUS SED LEO(LEO)$8.690.13%
  • bitcoin-cashBitcoin Cash(BCH)$392.06-1.13%
  • the-open-networkToncoin(TON)$3.02-2.45%
  • litecoinLitecoin(LTC)$98.741.01%
  • polkadotPolkadot(DOT)$4.59-0.56%
  • moneroMonero(XMR)$342.581.38%
  • bitget-tokenBitget Token(BGB)$5.191.42%
  • pepePepe(PEPE)$0.0000132.31%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.740.94%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • uniswapUniswap(UNI)$5.962.25%
  • aaveAave(AAVE)$240.878.55%
  • bittensorBittensor(TAO)$406.46-0.56%
  • nearNEAR Protocol(NEAR)$2.761.33%
  • aptosAptos(APT)$5.162.45%
  • okbOKB(OKB)$52.18-0.86%
  • ondo-financeOndo(ONDO)$0.921.38%
  • ethereum-classicEthereum Classic(ETC)$18.432.15%
  • kaspaKaspa(KAS)$0.106925-1.44%
  • internet-computerInternet Computer(ICP)$5.201.34%
  • gatechain-tokenGateToken(GT)$21.41-0.63%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.850.23%
  • crypto-com-chainCronos(CRO)$0.096142-1.11%
  • mantleMantle(MNT)$0.72-0.80%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232767-0.59%
  • vechainVeChain(VET)$0.0279770.00%
  • render-tokenRender(RENDER)$4.561.34%
  • usd1World Liberty Financial USD(USD1)$1.00-0.05%
  • ethenaEthena(ENA)$0.363336-1.45%
  • algorandAlgorand(ALGO)$0.2218971.65%
  • filecoinFilecoin(FIL)$2.861.55%
  • arbitrumArbitrum(ARB)$0.3903483.08%