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Binance is eyeing the potential acquisition of a Brazilian securities brokerage

Binance has inked a memorandum of understanding (MOU) to potentially acquire Brazilian securities brokerage Sim;paul Investimentos, the crypto exchange announced on Monday.  The firm said that it would “explore the acquisition” of Sim;Paul under the MOU, with the aim of further developing Brazil’s cryptocurrency and blockchain ecosystem. In an announcement statement, Binance underscored that Sim;paul is authorized by Brazil’s central bank and its securities exchange commission (CVM). The transaction would require approval from Brazilian regulators, including the central bank. The …