The world’s largest cryptocurrency exchange Binance has reportedly received regulatory approval from El Salvador’s Central Reserve Bank and the National Commission of Digital Assets. The licences will allow Binance to introduce tailor-made crypto-related products and services in the country. Binance’s Latin American head, Min Lin, highlighted the lengthy process leading up to this approval. This move follows El Salvador’s decision in 2021 to recognise Bitcoin as a legal tender. Continuing its global expansion, Binance also recently set foot in Japan and Dubai.