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Effective URL: https://www.binance.com/en/blog/regulation/binance-secures-regulatory-authorization-in-brazil-its-21st-globally-19021400...
Submission: On January 05 via manual from NL — Scanned from NL
Effective URL: https://www.binance.com/en/blog/regulation/binance-secures-regulatory-authorization-in-brazil-its-21st-globally-19021400...
Submission: On January 05 via manual from NL — Scanned from NL
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Buy Crypto Markets Trade Basic * Spot Buy and sell on the Spot market with advanced tools * Margin Increase your profits with leverage * P2P Buy & sell cryptocurrencies using bank transfer and 800+ options * Convert & Block Trade The easiest way to trade at all sizes Advanced * Trading Bots Trade smarter with our various automated strategies - easy, fast and reliable * Copy Trading Follow the most popular traders * APIs Unlimited opportunities with one key Futures * USDⓈ-M Futures Contracts settled in USDT and USDC * COIN-M Futures Contracts settled in cryptocurrency * Options USDT Options with limited downside and affordable entry Earn Square * Square Stay informed with everything crypto * Academy (Learn & Earn) Earn crypto by learning about blockchain * Blog Expand your knowledge and get the latest insights * Research Institutional-grade analysis, in-depth insights, and more More * VIP & Institutional Your trusted digital asset platform for VIPs and institutions * Launchpool Discover and gain access to new token launches * Megadrop Lock your BNB and complete Web3 quests for boosted airdrop rewards * Mining Pool Mine more rewards by connecting to the pool * Pay Send, receive and spend crypto * Loans Get an instant loan secured by crypto assets * NFT Explore NFTs from creators worldwide * Fan Token Discover an all-new fandom and unlock unlimited fan experiences * Web3 Wallet Meet the next-generation Web3 wallet * BNB Chain The most popular blockchain to build your own dApp * Charity Blockchain empowers charity to be more transparent, efficient, and traceable Log InSign Up Scan to Download App iOS & Android More Download Options BINANCE BLOG BINANCE SECURES REGULATORY AUTHORIZATION IN BRAZIL, ITS 21ST GLOBALLY 2025-01-02 MAIN TAKEAWAYS * Binance has secured approval from the Central Bank of Brazil for the acquisition of a locally licensed broker-dealer institution in Latin America’s most populous country, marking its 21st global regulatory milestone and solidifying its status as the most licensed cryptocurrency exchange worldwide. * Binance CEO Richard Teng highlighted Brazil's burgeoning crypto adoption and emphasized the company's commitment to providing a secure and innovative platform for local users. * Binance's regulatory milestone in Brazil follows similar achievements in Argentina, India, Kazakhstan, and others, highlighting its commitment to growing crypto adoption in a responsible and sustainable manner. In a development that underscores Binance’s commitment to adhering to the highest regulatory standards both globally and regionally, we have recently secured approval from the Central Bank of Brazil for the acquisition of Sim;paul, a broker-dealer licensed in Latin America’s most populous country. This achievement marks our 21st global regulatory milestone, further solidifying our status as the cryptocurrency exchange with the greatest number of licenses, registrations, and authorizations across the world. BRAZIL: EMBRACING THE FUTURE OF FINANCE By receiving full approval for the takeover of Sim;paul – a licensed broker-dealer authorized to distribute securities and to issue electronic money (EMI) by the Central Bank of Brazil, Binance, which was already operating in compliance with the regulatory requirements in the country as a global exchange, can be more efficient in complying with the ongoing regulatory advancements. The approval also makes Binance the first crypto exchange to have a broker-dealer license in Brazil. Richard Teng, Binance's Chief Executive Officer, highlighted the importance of this achievement, saying, "We are thrilled to announce our latest regulatory approval. A market with burgeoning crypto adoption, Brazil is home to a vibrant and dynamic community that is readily embracing the future of finance. We thank local regulators for their commitment to defining clear rules for this important, growing industry. This approval underscores our commitment to compliance and security, and we look forward to continuing to provide our local users with a secure, reliable, and innovative platform for their digital-asset needs." Ranking 10th in Chainalysis global adoption index, Brazil is taking a forward-looking approach to setting specific rules for the crypto industry. The Central Bank and the Brazilian IRS have published proposals for a dedicated regulatory framework, putting it up for public consultations for market participants and experts to make suggestions, while in Congress legislators discuss federal bills on asset segregation and stablecoins, which are also relevant for the sector. Guilherme Nazar, Head of Latin America for Binance, commented, “This approval marks a significant milestone in our ongoing commitment to expanding our products and services in Brazil. It highlights our dedication to compliance and regulatory excellence while enhancing our ability to provide secure and innovative financial solutions to our growing user base in the country. We look forward to taking this opportunity to further drive the adoption of digital assets and deliver unparalleled value to our clients in Brazil." STARTING 2025 ON A HIGH NOTE Binance's registration in Brazil follows other recent regulatory advancements across the globe this year, including in Argentina, India, Kazakhstan, and Indonesia. This dynamic showcases Binance’s sustained global momentum and adds to previously secured licenses, registrations, and authorizations in jurisdictions like Dubai, France, Japan, El Salvador, and others. In line with its global standards, our compliance program includes robust anti-money laundering (AML) policies and controls and a comprehensive framework for combating the financing of terrorism (CFT). In addition to that, key components of Binance's compliance program include robust identity verification processes (Know Your Customer and Know Your Business, or KYC and KYB) and the industry-leading Financial Crime Compliance (FCC) unit, designed to assist law enforcement in investigating crypto asset-related crimes and capacity building, thereby strengthening the collaborative security of the ecosystem. Furthermore, we have expanded our global compliance team by 34% to 645 full-time employees, including strategic senior hires. We employ over 1,000 compliance staff and contractors, ensuring that we dedicate sufficient resources to drive Binance and the larger crypto ecosystem’s growth sufficiently and responsibly. FURTHER READING * Binance Records Its 20th Global Regulatory Milestone With Registration in Argentina * Binance Achieves Its 19th Global Regulatory Milestone With Registration in India * Binance Kazakhstan: The First to Secure a Full Regulatory License From AFSA SHARE POST 506 250,560,775 users chose us. Find out why today. Register Now Article Outlines Binance Secures Regulatory Authorization in Brazil, Its 21st Globally Main Takeaways Brazil: Embracing the Future of Finance Starting 2025 on a High Note Further Reading 250,560,775 users chose us. Find out why today. 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