El Salvador’s Binance Move: The First Fully Licensed Exchange!

[THETA]

Binance, which has fallen on hard times in the US, has become fully authoritative in crypto-friendly El Salvador. The country’s Central Bank today announced the company as the ‘first fully licensed stock exchange’.

Binance gets full license in El Salvador


Binance reported on Tuesday that its exchange has received two licenses to operate in El Salvador. Thus, the number of markets in which it currently has a license has reached 18.

The Central Bank of El Salvador (Banco Central de Reserva) has granted Binance a Bitcoin Service Provider (BSP) license, while the Salvadoran National Digital Assets Commission has granted a non-volatile Digital Asset Service Provider license (DASP).

#Binance is now El Salvador’s first fully licensed crypto exchange!

With this, Binance has approvals and registrations in 18 markets worldwide, more than any other crypto exchange, including France, Italy, Spain, Sweden and Dubai.https://t.co/BITj9zxdcZ

— Binance (@binance) August 8, 2023

The cryptocurrency Market is getting in motion


Following the official Binance announcement in the past minutes, most cryptocurrencies have turned green. In particular, Bitcoin (BTC) is pushing its intraday gain closer to 2% and moving away from the $29,000 support. This move also provided some momentum to the Altcoin market.


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