Summary
- Binance announced that it has acquired a broker-dealer license in Brazil.
- Through this acquisition, Binance is recognized as a cryptocurrency exchange in Brazil.
- They expressed expectations to provide a safe and innovative platform in the rapidly growing Brazilian market for cryptocurrency adoption.
Global cryptocurrency exchange Binance announced that it has acquired a broker-dealer license in the Brazilian market.
On the 2nd (local time), Binance stated through its official channels, "We have secured the license through the acquisition of Sim-paul, which holds a broker-dealer license for securities distribution and electronic money (EMI) issuance in the Brazilian market. With this, Binance becomes the first cryptocurrency exchange to obtain a license in Brazil," the announcement read.
Richard Teng, CEO of Binance, said, "Brazil, a market where cryptocurrency adoption is rapidly increasing, is home to a vibrant and dynamic community embracing the future of finance. We look forward to providing a safer and more reliable innovative platform with this approval."
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
![[Key Economic and Crypto Calendar for the Week Ahead] US Weekly Initial Jobless Claims, etc.](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[Market] Bitcoin briefly gives back $69,000… Fallout from Trump’s ‘Strait of Hormuz warning’](https://media.bloomingbit.io/PROD/news/78293fc1-a315-4ebb-81cf-f2cb32921d57.webp?w=250)