El Salvador’s central bank licenses Binance

National Palace of El Salvador, San Salvador
National Palace of El Salvador, San Salvador

The Central Reserve Bank of El Salvador has granted cryptocurrency exchange Binance a licence to operate in the country, the firm announced on August 8.

The move comes despite widespread regulatory concern over the firm, which is the subject of legal action by US authorities. Regulators in several major jurisdictions, including Japan, the Netherlands and the UK have refused to allow Binance to operate or withdrawn its licence.

The company has withdrawn from Australia, Belgium and Canada this

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