Bitfinex obtained the first digital asset license in El Salvador

The government of El Salvador granted the necessary permits to be able to operate with cryptocurrencies in the Central American country

The government of El Salvador granted Bitfinex, an international exchange based in the British Virgin Islands, the first license issued by the country specifically for digital asset service providers.

The company announced this news through a statement on its official site, in which they indicate that the license officially allows the operations of Bitfinex Securities El Salvador, a fully regulated digital asset exchange that will allow the issuance and commercialization of tokenized assets in the world. such as stocks and bonds, in accordance with the country’s Digital Assets Issuance Law.

Paolo Ardoino, CTO of Bitfinex, commented that “we are delighted to be the first company to obtain this license. It will allow Bitfinex Securities to facilitate the issuance and secondary trading of assets with clearly defined rights and obligations, as outlined in the new regulatory regime. of digital assets”.

The Digital Assets Issuance Law was approved by the National Congress of El Salvador earlier this year, with the aim of promoting innovation and financial growth in the country, based on the adoption of Bitcoin as the official currency in September 2021. .

Jesse Knutson, head of trading at Bitfinex Securities, also reported: “We see considerable demand from both issuers and investors for the products that are possible under the new regulations, including tokenized shares, yield-producing assets, and other investment products.” investment.”

Bitfinex’s announcement comes days after the President of El Salvador, Nayib Bukele, presented a bill to Congress to eliminate taxes in the technological innovation sector, which will further promote the incursion and development of new technologies. in the country, including Bitcoin, cryptocurrencies and Blockchain.

K. Tovar

Source: Diariobitcoin

(Reference image source: file)

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