Binance has announced that the Central Reserve Bank of El Salvador (Banco Central de Reserva) has granted it a Bitcoin Services Provider (BSP) license. Additionally, the country's National Digital Assets Commission (Comisión Nacional de Activos Digitales) awarded Binance El Salvador's first non-provisional Digital Asset Service Provider (DASP) license. With these approvals, Binance is now El Salvador's first fully licensed cryptocurrency exchange.
This milestone reflects Binance's ongoing efforts to secure local licenses and approvals in key global markets. These regulatory compliances make Binance one of the most widely approved crypto exchanges globally, with registrations in 18 jurisdictions—including France, Italy, Spain, Sweden, and Dubai—surpassing all other platforms in the industry.
Binance's Commitment to Compliance and Innovation
Min Lin, Head of Binance Latin America, stated:
We are honored to receive these approvals and will continue collaborating with regulators worldwide to advance global standards for cryptocurrency and blockchain adoption. Our team has worked diligently for months to provide all required information and due diligence. This achievement underscores our dedication to El Salvador's market and users. We extend our gratitude to the Central Reserve Bank and the National Digital Assets Commission for fostering an environment where blockchain technology thrives, proving that security and innovation are complementary assets. Today, El Salvador joins the growing list of nations regulating Binance.
Daniel Acosta, General Manager for Binance Colombia, Central America, and the Caribbean, added:
These licenses enable Binance to offer tailored products and services for Salvadoran users while strengthening our partnership with local authorities. Together, we can drive crypto adoption, expand financial inclusion, and ensure consumer protection—all while supporting El Salvador's digital asset ecosystem.
El Salvador's Crypto-Friendly Policies
In 2021, El Salvador became the first country globally to recognize Bitcoin as legal tender. The government also passed legislation regulating the issuance of digital assets by public and private entities, further cementing its progressive stance on cryptocurrency.
FAQ
Q: What does Binance's DASP license allow in El Salvador?
A: The Digital Asset Service Provider (DASP) license permits Binance to offer regulated crypto services, including trading and custody, under Salvadoran law.
Q: How does this benefit local users?
A: Salvadorans gain access to Binance's secure, compliant platform with localized features and customer support.
Q: What other countries have licensed Binance?
A: Binance holds approvals in 18 markets, such as France, Italy, Spain, Sweden, Dubai, and now El Salvador.
👉 Explore more about Binance's global compliance efforts
Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice. Readers should conduct independent research.