Yesterday, El Salvador's central bank and crypto regulator granted Binance a Bitcoin Services Provider License (BSP) and Digital Assets Services Provider license (DASP). The new licenses now let the exchange offer custodial services, process crypto payments, provide digital wallets, and operate a digital asset exchange platform in the country. Daniel Acosta, said that the “licenses allow Binance to expand the products and services offered including options tailored to the needs of our customers in El Salvador." El Salvador has adopted a pro-crypto stance having declared Bitcoin legal tender in September 2021. Binance is the first crypto exchange approved by the NCDA.
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