LatinNews Daily - 10 August 2023

* Binance, a global company that operates the largest cryptocurrency exchange in volume terms, has announced that it has become the first fully licensed crypto exchange in El Salvador after being granted both a bitcoin services provider license (BSP) by El Salvador’s central bank (BCR) and the first non-provisional digital assets services provider license (DASP), by the national commission of digital assets (CNAD). El Salvador approved the cryptocurrency bitcoin as legal tender in 2021 and a law regulating the issuance of other digital assets by both the state and private entities in January 2023. A press release by Binance, which has approvals and registrations in 18 markets worldwide, including France, Italy, Spain, Sweden, and Dubai, cites Daniel Acosta, Binance general manager for Colombia, Central America, and the Caribbean, as saying: “These licenses allow Binance to expand the products and services offered, including options tailoured to the needs of our customers in El Salvador”. He adds 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 and innovation, and ensure customer protection.”