Leading cryptocurrency exchange Binance is showing its intention of expanding its activities to Brazil. The company announced that it has signed a memorandum of understanding with a regulated securities brokerage firm in Brazil, with the intention of acquiring it. The company, called Sim;paul Investimentos, offers different investment options to its customers, including various funds and stocks, and is said to be completely compliant with Brazilian laws.
it has inked a memorandum of understanding with a Brazilian brokerage firm called Sim;paul Investimentos, with the intention of acquiring the company after having cleared the requirements and receiving approval from regulators, including the Bank of Brazil.Binance’s move, according to the press release issued, has the goal of developing the cryptocurrency and the blockchain ecosystem in Brazil.
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