Two new offices of Binance in Brazil
On Oct. 3, Binance has now opened offices in São Paulo and Rio de Janeiro in Brazil, with more than 150 employees.
“The exchange operates in full compliance with the Brazilian regulatory landscape and believes that regulation is the only way for the digital asset industry to grow and reach the general public, allowing more people to enjoy the benefits that cryptocurrencies and blockchain offer.”
#Binance opens two offices in Brazil in a move to expand in the country and to grow crypto adoption in Latin America.
The offices were announced by @cz_binance, who visited the country in March this year. Since then, we have more than doubled the team dedicated to Brazil.
— Binance (@binance) October 3, 2022
In September, Binance also hosted a series of crypto and blockchain workshops for law enforcement agencies in Brazil and Argentina to help them identify and fight crypto crime. This reflects a decent relationship between Binance and Latin American regulators.
Brazil is a potential market to develop crypto. According to report of Chainalysis, Brazil is the country seventh on the 2022 Global Crypto Adoption Index list, ranking just two places behind the United States and five places ahead of Argentina.
Binance plans to expand operations
On Oct. 3, Binance has signed a MoU with the Financial Monitoring Agency of the Republic of Kazakhstan. This is a part of its global law enforcement training program which aims to block illegally digital assets used to launder criminal proceeds and finance terrorism, create a safe cryptocurrency environment in the region.
On Sept. 29, Binance also made an announcement that it had registered with New Zealand’s Ministry of Business, Innovation and Employment and opened local offices in the country.