Binance has secured two licenses to operate in El Salvador as it strives to increase its global validity, the crypto exchange announced on Tuesday, adding that it now has licenses in 18 markets.According to the firm, the Central Bank of El Salvador (Banco Central de Reserva) granted Binance a Bitcoin Services Provider (BSP) license, while the Salvadoran National Commission of Digital Assets provided a non-provisional Digital Assets Services Provider license (DASP).
“These licenses allow Binance to expand the products and services offered including options tailored to the needs of our customers in El Salvador,” Daniel Acosta, general manager for Colombia, Central America and Caribbean at Binance, said in the statement.
El Salvador’s Legislative Assembly passed a bill regulating digital securities in January, laying the groundwork for the Central American country to issue bitcoin-backed bonds, commonly known as “Volcano Bonds.”Bitfinex said in April that it had been granted the country’s first digital asset service provider license.