Binance ‘First Fully Licensed’ Crypto Exchange Of El Salvador
As the “first fully licenced” cryptocurrency exchange in the country of Central America, Binance claimed to have obtained two licences in El Salvador.
The two licences, the first non-provisional Digital Assets Services Provider (DASP) licence from the National Digital Assets Commission of El Salvador and the Bitcoin Services Provider (BSP) licence from the Central Reserve Bank of El Salvador, allow Binance to provide specialised goods and services in the nation, the business announced on Tuesday.
In El Salvador, Binance had already been active, but “only through an offshore exchange,” a company representative said. The spokesperson added that the licences now allow the business to increase the scope of its services.
(With inputs from Shikha Singh)
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