One of the world’s largest cryptocurrency exchanges by market cap Binance, which is run by Changpeng “CZ” Zhao, has opened two new offices in Brazil to penetrate that market, which is reportedly home to more than 34.5 million cryptocurrency users. On October 3, Binance announced the opening of offices in So Paulo and Rio de Janeiro, with more than 150 staff members working throughout the company’s Brazilian businesses. #Binance opens two offices in Brazil in a move to expand in the country and to grow crypto adoption in Latin America. The offices were announced by @cz_binance, who visited the country in March this year. Since then, we have more than doubled the team dedicated to Brazil. — Binance (@binance) October 3, 2022 The announcement states that the exchange operates in full compliance with the regulatory framework of Brazil and that it believes that legislation is the only way for the digital asset industry to develop and attain the general populace, enabling more individuals to enjoy the advantages that cryptocurrencies and blockchain offers. Binance Doubled Its Size of Workforce in Brazil Binance said that since CZ’s initial visit to the nation in March, it has been focusing on Brazilian development and has doubled the size of its workforce there. Additionally, in September, Binance held a number of blockchain and cryptocurrency workshops for law enforcement organizations in Brazil and Argentina to assist them in iden...
Why Regulators Should Embrace DeFi
