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The Fintech Times

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Central Bank of Brazil Approves Binance Broker-Dealer Acquisition, Bolstering Compliance Efforts

  • The Central Bank of Brazil has officially approved Binance's acquisition of Sim;paul, a locally licensed broker-dealer institution.
  • The acquisition enables Binance to comply with regulatory advancements in Brazil more efficiently.
  • Binance's compliance program includes robust anti-money laundering (AML) policies and controls.
  • Binance plans to expand its global compliance team by 34% to strengthen its regulatory efforts.

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