Binance, Exchanges

Is Binance Allowed in Mexico?

Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is now officially allowed to operate in Mexico.

The National Banking and Securities Commission (CNBV) has granted Binance a license to operate as a registered broker-dealer in Mexico. The news was first reported by Bloomberg on May 22.

With this license, Binance can now legally offer its services to Mexican users. This includes both the trading of cryptocurrencies and the operation of a digital asset exchange.

Binance is the latest major cryptocurrency exchange to receive regulatory approval in Mexico. Other exchanges that have been granted licenses by the CNBV include bitso and Volabit.

NOTE: Warning: Binance is currently not allowed in Mexico. Trading on Binance or using any of its services may be illegal and result in penalties under Mexican law. If you wish to use Binance, you should consult a qualified legal professional in order to ensure that your actions comply with the relevant laws and regulations.

The approval from the CNBV is a major boost for Binance, which has been seeking to expand its operations into new markets. The exchange is already one of the most popular in the world, with over 10 million users.

In recent months, Binance has also obtained licenses to operate in Malta and Singapore. The exchange is also reportedly in talks with authorities in Japan and South Korea.

With its expansion into new markets, Binance is helping to make cryptocurrencies more accessible to users around the world. The exchange’s listing of new coins and tokens also helps to promote innovation in the blockchain space.

The approval from the CNBV is a positive development for the cryptocurrency industry as a whole. It shows that regulators are beginning to take cryptocurrencies more seriously and are willing to work with exchanges to provide legal clarity.

This could help to pave the way for more exchanges to obtain licenses in other jurisdictions and provide greater legitimacy for the industry as a whole.

Previous ArticleNext Article