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tldr; Binance has obtained its 21st global regulatory license from Banco Central do Brasil, marking a significant step for crypto adoption in Latin America. This approval allows Binance to acquire São Paulo-based investment platform Sim;paul, making it the first crypto exchange to obtain a broker-dealer license in Brazil. This move follows Binance’s previous licenses in countries like Argentina, India, and Indonesia. Brazil is noted for its significant strides in crypto regulation and ranks second in crypto adoption in Latin America.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.