Cryptocurrency

Binance Secures Its 21st Global Crypto License in Brazil

In a significant milestone for crypto adoption in Latin America, Binance has obtained its 21st global regulatory authorization from the Banco Central do Brasil, the central bank of Brazil. This approval marks a major breakthrough for the world’s largest crypto exchange, enabling it to expand its services in the region.

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Binance Receives Broker-Dealer License in Brazil

As a licensed broker-dealer, Binance will be authorized to acquire São Paulo-based investment platform Sim;paul, which is also a licensed broker-dealer authorized to distribute securities and issue electronic money (EMI). This acquisition will further solidify Binance’s presence in the Brazilian market.

Brazilian Government Takes a Collaborative Approach to Crypto Regulation

According to Guilherme Nazar, head of Latin America for Binance, Brazil is making significant strides in crypto industry regulation. "The [Brazilian] government has put forth a comprehensive proposal of rules for public consultation, and they invited both the industry and society to provide their suggestions," he explained. "This collaborative approach should culminate in the publication of the final regulations by mid-year, according to central bank officials."

Brazil’s Progress on Crypto Regulation

Brazil is making rapid progress on crypto regulation, with over $90.3 billion worth of value received through cryptocurrency in 2024, according to a Chainalysis report. This makes Brazil second only to Mexico in terms of crypto adoption in Latin America.

Latin American Countries Lead Global Crypto Adoption

Four out of the top 20 countries for global crypto adoption are from Latin America: Brazil, Mexico, Venezuela, and Argentina. Brazil was also the first country to approve a spot Solana SOL exchange-traded fund on August 7, 2024, setting a global precedent for other jurisdictions.

Binance’s Expansion in Latin America

This regulatory approval is a significant milestone for Binance, which has been expanding its services in Latin America. With this license, Binance becomes the first crypto exchange to obtain a broker-dealer license in Brazil.

Global Crypto Adoption Trends

According to data from Messari, the 24-hour trading volume on Binance exceeded $18.2 billion at the time of publication, nearly triple Bybit’s $6.3 billion daily volume in second place.

Related Developments: Top Crypto Investments in 2025

As the crypto market continues to evolve, investors are looking for new opportunities to grow their portfolios. In our recent article, we explored some of the top crypto investments in 2025, including Bitcoin, AI projects, and tokenized assets.

Brazil’s Commitment to Crypto Regulation

The Brazilian government’s commitment to regulating the crypto industry is a positive step forward for the region. By working collaboratively with industry stakeholders, they can create a more supportive environment for businesses like Binance to operate in.

Regulatory Approvals and Licenses for Binance

Binance has received 21 regulatory approvals from around the world, including those from Argentina, India, Kazakhstan, and Indonesia. This latest approval from Brazil is a significant milestone for the company’s expansion into new markets.

Latin America’s Growing Crypto Industry

The growth of the crypto industry in Latin America is a trend that shows no signs of slowing down. With countries like Brazil making significant strides in regulation, it’s clear that the region is poised to become a major hub for crypto innovation and adoption.

Conclusion

Binance’s 21st global regulatory authorization from the Banco Central do Brasil marks a significant milestone for crypto adoption in Latin America. This approval will enable Binance to expand its services in Brazil and further solidify its position as one of the world’s leading crypto exchanges.

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