Binance is the first crypto exchange to receive both a Bitcoin Services Provider license (BSP) and a non-provisional Digital Assets Services Provider license (DASP) in El Salvador. El Salvador is the 18th market license crypto’s largest centralized exchange by market cap. The country was also the first to approve Bitcoin (BTC) as a legal tender in 2021, making headlines around the globe and drawing scrutiny from regulators like the IMF. Binance can now offer fully regulated Bitcoin and digital asset