El Salvador has made history in the cryptocurrency industry by granting the first ever digital asset license to Bitfinex, one of the world’s leading digital asset trading platforms. This marks an important milestone for the cryptocurrency industry in El Salvador and in the region.
The license was granted by the country’s Superintendency of the Financial System (SSF), the government agency responsible for regulating the financial sector. The license allows Bitfinex to provide digital asset services within the country’s borders.
The news comes as a result of El Salvador’s new law that recognizes cryptocurrencies as legal tender. The law was passed in June 2021 and it makes El Salvador the first country in the world to recognize and regulate digital assets.
The SSF has been working closely with Bitfinex to ensure that the platform meets all the necessary requirements for the license. This includes proper customer due diligence and anti-money laundering processes.
The digital asset license granted to Bitfinex is the first of its kind in El Salvador. The license will enable Bitfinex to provide its services to the people of El Salvador and further advance the country’s efforts to become a leader in the digital asset industry.
The license will also allow Bitfinex to facilitate the exchange of digital assets between users in El Salvador and other countries. This will open the door for El Salvador to become a hub for digital asset trading and other related services.
Bitfinex is excited to be the first company to receive a digital asset license in El Salvador. CEO Jean-Louis van der Velde said, “We are thrilled to be the first digital asset platform to receive a license in El Salvador. This is a historic moment for the cryptocurrency industry and we are proud to be part of it.”
The granting of the license is a sign that El Salvador is serious about becoming a leader in the digital asset industry. This is only the beginning for El Salvador as the country continues to embrace the digital asset sector.
The digital asset license granted to Bitfinex is a major milestone for the cryptocurrency industry in El Salvador and in the region. It is a sign that El Salvador is serious about becoming a leader in the digital asset sector and it is a clear indication that digital assets are here to stay.
