Binance gets it's El Salvador licence

Binance has received two El Salvador licences; the Bitcoin Services Provider (BSP) license by the Central Reserve Bank of El Salvador and a non-provisional Digital Assets Services Provider (DASP) license by the National Digital Assets Commission of El Salvador. The second licence allows Binance to offer tailor-made products and services in El Salvador.

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El Salvador is trying to become a crypto hub: it's also given out a DASP licence to Bitfinex (who are connected to Tether).

El Salvador is only small, but as the USA tries to kill crypto within it's borders, places like El Salvador could become an important offshore crypto trading hub. Places like Dubai have the same strategy; they too have given out a licence to Binance.