Crypto Giant Binance Earns 21st Regulatory Nod, Broadens Worldwide Presence

Binance has secured its 21st global regulatory approval from Brazil’s Central Bank, expanding its influence in Latin America’s growing crypto market.

The approval allows Binance to acquire Sim;paul, a licensed broker-dealer in Brazil. This milestone strengthens Binance’s position as the most licensed cryptocurrency exchange worldwide. CEO Richard Teng emphasized the importance of Brazil’s crypto adoption, thanking local regulators for their clear framework.

With a growing presence in Brazil and beyond, including recent approvals in Argentina, India, Kazakhstan, and Indonesia, Binance continues to invest in compliance and security to foster trust and expand its user base globally.

Clever Robot News Desk 5^th January 2025