Home Market Bitfinex gets license to operate under El Salvador’s new crypto Law

Bitfinex gets license to operate under El Salvador’s new crypto Law

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  • El Salvador was the first country to pass Bitcoin as legal tender.
  • El Salvador’s Legislative Assembly has established a framework for the country to issue Bitcoin-backed bonds.
  • Bitfinex is the first international crypto exchange approved under El Salvador’s new Digital Asset Issuance Law.

Bitfinex Securities El Salvador, the Bitfinex branch of El Salvador, has launched El Salvador’s landmark new digital asset issuance law (“Ley de Emisión de Activos Digitales”).

Bitfinex has received a new license from El Salvador’s National Digital Assets Commission. This is an important milestone for the cryptocurrency exchange. This is the first step in his long-term Bitfinex strategy of providing financial freedom and inclusiveness to communities and nations around the world. Bitfinex Declaration of Freedom.

Commenting on the new license, Bitfinex Group Chief Technology Officer said:

“We are pleased to be the first company to be awarded this license, which will entitle Bitfinex Securities with clearly defined rights and obligations as outlined in the new digital asset regulatory regime. It can facilitate asset issuance and secondary trading. This means that the full spectrum of entities, from small businesses to governments, can raise capital in a regulated environment and join the class of investors who are very happy with crypto assets and tokenized securities. increase. At its peak he is $3 trillion. ”

New cryptography in El Salvador

El Salvador’s new Digital Asset Issuance Law will be passed by El Salvador’s National Assembly in January 2023 and aims to foster financial innovation and growth in the Central American country.

El Salvador’s new cryptography law has established a framework for the country to issue Bitcoin-backed bonds, also known as “volcano bonds.”

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