Binance Achieves 21st Global Regulatory Milestone with Exchange License in Brazil

2025-01-02

Binance, a global leader in blockchain infrastructure and the world’s largest cryptocurrency platform by trading volume and users, has achieved its 21st global regulatory milestone. The company has received authorization from the Central Bank of Brazil to acquire the Sim;paul exchange. With the announcement, Binance becomes the first cryptocurrency platform to hold a securities brokerage license in Brazil. 

By receiving approval for the acquisition of Sim;paul, a Brazilian exchange that holds electronic money issuance (EMI) and securities distribution licenses granted by the Central Bank of Brazil, Binance, which already operated in accordance with the regulatory landscape in the country as a global exchange, can be more effective in complying with ongoing regulatory advances. 

"We are thrilled to announce this regulatory approval in Brazil, another significant milestone in our global expansion. As a booming market for cryptocurrency adoption, Brazil represents a vibrant and dynamic community that is embracing the future of finance. We congratulate local regulators for their commitment to defining clear rules for this important and growing industry. The approval received in Brazil underscores our commitment to compliance and security, and we will continue to provide our local users with a safe, reliable and innovative platform to meet their crypto needs," said Richard Teng, CEO of Binance, on the importance of this achievement.