Binance Expands in Brazil with Broker License Acquisition

• Binance gains approval from Brazil’s central bank, securing its 21st global compliance license by acquiring licensed broker Sim;paul.
• Binance uses AI to enhance crypto security, recovering $9M monthly and blacklisting 47,000 suspicious addresses in 2024.

Binance has strengthened its position in Brazil by receiving approval from the Central Bank of Brazil to acquire Sim;paul, a regulated broker-dealer.

With this acquisition, Binance becomes the first crypto exchange in Brazil to acquire a broker license, therefore demonstrating its dedication to compliance and creative expansion of its offerings. By now Binance has obtained its 21st compliance license worldwide, strengthening its leadership in regulated crypto activities.

#Binance reaches 21st global regulatory milestone after the Central Bank of Brazil approved the acquisition of a licensed broker-dealer institution in the most populous Latin American country.

This achievement underscores our dedication to compliance and regulatory excellence… pic.twitter.com/qx0GPyBjrD

— Binance (@binance) January 2, 2025

Binance Strengthens Trust in Brazil’s Growing Crypto Ecosystem 

Sim;paul gives Binance the chance to offer localized, regulated services in Brazil, as it is a company approved to transfer stocks and create electronic money.

Currently ranked 10th in the Global Crypto Adoption Index, Brazil has seen growing interest in digital assets because of the proactive approach of organizations such as the Brazilian IRS and the Central Bank of Brazil. Both organizations have proposed systems to regulate cryptocurrency and asked public opinion to help shape thorough regulation.

Reflecting the forward-looking stance of the country to create a safe and open ecosystem, the Brazilian Congress is also adopting laws on asset segregation and stablecoin regulation.

Underlined by Binance’s reputation for compliance and user-oriented solutions, its entrance as a licensed broker is likely to inspire more trust and involvement in the local market.

Binance had earlier, in March 2022, signed a Memorandum of Understanding (MoU) to investigate the purchase of Sim;paul, therefore attesting to its strategic ambition to create a stronghold in Brazil. As Binance is emphasizing matching its worldwide operations with regional rules, a pillar of its expansion plan, this evolution follows.

Previously, CNF reported that Binance Labs revealed a rebranding project for 2025, thereby orienting its investment towards crypto, blockchain, artificial intelligence (AI), and biotechnology. Binance Labs made 46 investments in 46 projects in 2024 alone; 20% of the investments came from its BND ecosystem.

Also, as we previously noted, to stop $129 million in frauds, blacklisting 47,000 dubious addresses, halting dubious transactions, and recovering $9 million monthly, Binance also used artificial intelligence and machine learning.

By means of these actions, Binance sends 15,000 daily alerts, highlighting its proactive attitude to crypto security and its dedication to protecting the ecosystem.