{"id":434473,"date":"2022-04-20T11:36:32","date_gmt":"2022-04-20T08:36:32","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/binance-us-awarded-money-transmitter-license-in-puerto-rico\/"},"modified":"2022-04-20T11:36:32","modified_gmt":"2022-04-20T08:36:32","slug":"binance-us-awarded-money-transmitter-license-in-puerto-rico","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/binance-us-awarded-money-transmitter-license-in-puerto-rico\/","title":{"rendered":"# Binance.US awarded money transmitter license in Puerto Rico"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4127856942a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4127856942a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/binance-us-awarded-money-transmitter-license-in-puerto-rico\/#%E2%80%9D_BinanceUS_awarded_money_transmitter_license_in_Puerto_Rico_%E2%80%9C\" >&#8221; Binance.US awarded money transmitter license in Puerto Rico &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_BinanceUS_awarded_money_transmitter_license_in_Puerto_Rico_%E2%80%9C\"><\/span>&#8221; Binance.US awarded money transmitter license in Puerto Rico &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvZGMyMTYzNjQtNTU4Yy00OTBkLWFkNjMtZjdlOTNkYjc1MGEwLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Puerto Rico becomes the fourth jurisdiction in America to grant a money transmitter license to Binance.US, the American arm of the crypto exchange Binance. Other states that issued operational licenses to Binance.US include Wyoming, Connecticut and West Virginia.\u00a0<\/p>\n<p>Binance.US was launched as a second attempt by Binance CEO Changpeng Zhao to cater to investors in the United States as the nation banned Binance\u2019s primary operations, citing regulatory concerns. The new license from Puorto Rico further strengthens CZ&#8217;s vision \u201cto be licensed everywhere.\u201d<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.binance.us\/binance-us-receives-money-transmitter-license-in-puerto-rico\/\" data-amp=\"https:\/\/blog-binance-us.cdn.ampproject.org\/c\/blog.binance.us\/binance-us-receives-money-transmitter-license-in-puerto-rico\/amp\/\">According<\/a> to the announcement, the money transmitter license was awarded to Binance.US by the Puerto Rico Office of the Commissioner of Financial Institutions (OCIF). While highlighting the company\u2019s intent to obtain operational licenses in all 50 U.S. states and territories, Binance.US CEO Brian Shroder said that \u201cPuerto Rico, in particular, is an important market for the growth of crypto.\u201d<\/p>\n<p>As a money transmitter, Binance.US is allowed to receive and transfer funds between the users on the platform.<\/p>\n<p>On April 6, Binance.US completed its first-ever external funding and reached a $4.5 billion valuation after raising over $200 million from various investors, including Circle Ventures. <\/p>\n<p>The company intends to redirect the recent funding to improve existing systems and launch a new suite of products. The announcement also highlights that Binance.US operates in 45 states and seven territories. <\/p>\n<p><strong>Related: <\/strong><strong><em>Binance receives in-principle <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval to operate in Abu Dhabi<\/em><\/strong><\/p>\n<p>Binance\u2019s aspiration to conduct business as a regulated entity has seen positive development in the Middle East as well. <\/p>\n<p>On April 10, Abu Dhabi became the third jurisdiction in the Middle East to award Binance an in-principle approval to operate as a regulated crypto exchange. Previously, the exchange received approvals from Bahrain and Dubai. <\/p>\n<p>As Cointelegraph previously reported, Abu Dhabi Global Market\u2019s (ADGM) approval allows Binance to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.adgm.com\/media\/announcements\/binance-awarded-in-principle-approval-for-a-financial-services-permission-from-adgm\">operate<\/a> as a broker-dealer in digital assets, including cryptocurrencies.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/binance-us-awarded-money-transmitter-license-in-puerto-rico\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Binance.US awarded money transmitter license in Puerto Rico &#8220; Puerto Rico becomes the fourth jurisdiction in America to grant a money transmitter license to Binance.US, the American arm of the crypto exchange Binance. Other states that issued operational licenses to Binance.US include Wyoming, Connecticut and West Virginia.\u00a0 Binance.US was launched as a second attempt&#8230;<\/p>\n","protected":false},"author":1,"featured_media":434474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvZGMyMTYzNjQtNTU4Yy00OTBkLWFkNjMtZjdlOTNkYjc1MGEwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74355,117,71461,70934,67874],"class_list":["post-434473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-adoption","tag-business","tag-puerto-rico","tag-regulation","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/434473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=434473"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/434473\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/434474"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=434473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=434473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=434473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}