Crypto News: The Bitfinex team announced on Tuesday that its crypto exchange unit has become the world’s first international digital asset platform to receive approval to be licensed as a Digital Asset Service Provider under El’s groundbreaking new Digital Assets Issuance Law Salvador. The license enables the issuance and trading of innovative real-world tokenized assets such as stocks and bonds. The license for tokenized assets such as stocks and bonds was officially obtained for the entity “Bitfinex Securities”, a fully regulated digital asset exchange.

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Bitfinex El Salvador Crypto License

Previously, reports stated that El Salvador would release Bitcoin bonds on Bitfinex between June and September. Paulo Ardiono, Bitfinex’s chief technology officer, said in a rack,

“We are delighted to be the first company to receive this license. It enables 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 country to adopt Bitcoin as legal tender, in its efforts to achieve a path to financial freedom. Meanwhile, the country’s purchase of 2,546 Bitcoin so far is still in unrealized losses, despite the massive surge in Bitcoin price since January 2023.

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Anvesh reports major developments around crypto adoption and trading opportunities. He has been associated with the industry since 2016 and is now a strong advocate for decentralized technologies. Anvesh is currently based in India. Contact him at [email protected]

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

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