Summary
- Binance has reportedly obtained a virtual asset broker license from the Central Bank of Brazil.
- Binance announced that it has acquired the local securities firm Sim;paul to expand its services in the Brazilian region.
- Brazil is ranked 10th globally in the crypto adoption index and is considered a regulatory pioneer in promoting the adoption of stablecoins.
According to BeInCrypto, a media outlet specializing in virtual assets (cryptocurrency), global virtual asset Binance has obtained a virtual asset broker license from the Central Bank of Brazil on the 2nd (local time).
It was also reported that Binance acquired the Brazilian securities firm Sim;paul to comply with local regulations and expand its services.
Brazil is ranked 10th globally in the Chainalysis Global Crypto Adoption Index and is considered a pioneer in regulatory fields that promote the adoption of virtual assets, such as stablecoins.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
