Breaking: Bitfinex Becomes First To Get Crypto License Officially In El Salvador

Crypto News: The Bitfinex team announced on Tuesday that its crypto exchange unit became the world’s first international digital asset platform to receive approval to be licenced as a Digital Asset Service Provider under El Salvador’s ground-breaking new Digital Assets Issuance Law. The license will enable the issuance and trading of innovative real-world tokenized assets such as equities and bonds. The license for tokenized assets like equities and bonds had been obtained officially for the entity “Bitfinex Securities”, which is a fully-regulated digital asset exchange.

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Bitfinex El Salvador Crypto License

Earlier, reports said El Salvador was set to release Bitcoin bonds on Bitfinex between June and September. Paulo Ardiono, the chief technology officer of Bitfinex, said in a statement,

“We are delighted to be the first company to be awarded this licence. It will enable Bitfinex Securities to facilitate the issuance and secondary trading of assets with clearly defined rights and obligations as outlined in the new digital asset regulatory regime.”

On September 7, 2021, El Salvador became the first nation to adopt Bitcoin as a legal tender, in its efforts towards achieving a path to financial freedom. Meanwhile, the country’s purchase of 2,546 Bitcoin so far is still in unrealized losses despite the massive rise in Bitcoin price since January 2023.

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