• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Breaking News: BREAKING: White House Reveals Crypto Policy Roadmap Envisioning A 'Golden Age'
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: White House Reveals Crypto Policy Roadmap Envisioning A 'Golden Age'
Bitfinex

Bitfinex Secures First Digital Asset Service Provider License In El Salvador

Jammy Hunts
by Jammy Hunts
2 years ago
·
Posted in Crypto regulation
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitfinex Securities has received the first digital asset service provider license from El Salvador’s Digital Assets Commission, the authority currently regulating crypto assets in the country. This licensing regime comes under the new Digital Assets Issuance Law passed by National Congress that came into force in January 2023. The bill aims to accelerate financial innovations in the state, allowing crypto firms to issue real-world tokenized assets.

El Salvador expressed a positive stance on cryptocurrencies with its move to become the first-ever country to give Bitcoin legal tender in 2021. With its ambitions to make the Latin American country a digital hub, the government paved the way for financial freedom by implementing crypto-friendly policies. In turn, crypto platforms around the globe are settling their shops in the country due to regulatory clarity.

Related Reading: Spot A Bug In ChatGPT? Report It And Earn Up To $20,000

Speaking on the achievement, Bitfinex said in a blog post; 

El Salvador’s Digital Asset licence is a significant step forward for tokenised securities as an asset class. The licence opens the door wide open for entities like small companies and governments to raise capital in a regulated market with clear rules set forth under the DASL. In addition to raising capital through token issuance, it lays out rules for new kinds of tokenised securities like tokenized shares, yield-bearing assets, and other investment products.

LEOUSD price chart
Bitfinex’s utility coin LEO currently hovers at $3.37 in the daily chart. | Source: LEOUSD price chart from TradingView.com

Bitfinex Securities Will Operate Independently

The announcement affirmed that Bitfinex Securities is a new entity that will function differently from other similar platforms established around the globe. In other words, Bitfinex Securities will run independently from Bitfinex Securities AIFC, a platform controlled by Bitfinex Securities Limited. The license granted to the firm gives it legal authorization to issue tokenized assets such as bonds and equities and facilitate their trading. 

Expressing his concerns over products developed under the new regulatory regime, Jesse Knutson, head of operations at Bitifinex Securities, added that a considerable amount of issuers and investors are “eager to access the digital asset market, attracted by the speed, cost efficiencies and ease of issuance compared to traditional assets.”

Chief Technology Officer at Bitfinex group, Paolo Ardoino, explained;    

It means that a whole range of entities, from small companies to governments, can raise capital in a regulated environment, and tap into a class of investors that are extremely comfortable with crypto assets and tokenized securities, which represents a market of over $1 trillion with a peak of $3 trillion.

President of El Salvador, Nayib Bukele, which recognized digital assets as a source to counter the state’s hyperinflation and dependency on the US dollar, sent a bill to Congress on April 1 suggesting government authorities exempt taxes on innovative developments.

Related Reading: Shiba Inu Hits Several Milestones, Shibarium Exhibits Rapid Growth

Bitifinex is expanding its reach globally. Its security token platform (STO) went live in Kazakhstan in 2022. In September 2021, Bitifinex announced that the platform is registered with Kazakhstan’s Astana International Financial Center (AIFC).

Featured image from Pixabay and chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jammy Hunts

Jammy Hunts

Follow

Jammy is a veteran writer in the cryptocurrency industry, with over a decade's experience covering the latest trends and developments in the market. A recognized expert in the field, Jammy has contributed to some of the world's leading publications, providing insightful analysis and in-depth coverage of the most important issues facing the crypto world today. With a keen understanding of blockchain technology and its potential applications, Jammy is committed to educating readers about decentralized finance's power and its transformative impact on the global financial system. Whether discussing the latest token offerings or exploring the potential of decentralized exchanges, Jammy brings a wealth of knowledge and expertise to every article.

Full Profile

Related Posts

Nigeria

Nigeria Confirms Readiness For Stablecoin Operations – Details

5 days ago
crypto custody

US Banking Associations Oppose License For Crypto Custody Firms – Details

1 week ago
Congress Prepares For ‘Crypto Week’ – US House Debates Crypto Future With Three Key Bills

Congress Prepares For ‘Crypto Week’ – US House Debates Crypto Future With Three Key Bills

2 weeks ago
Crypto

Crypto Regulation: Turkish Authorities Announce New Stringent Regime – Details

1 month ago
BlackRock

BlackRock Meets With SEC To Discuss Staking, Tokenization, Others – Details

2 months ago
South Korea Plans Major Crypto Policy Shift With New Promotion Act

South Korea Plans Major Crypto Policy Shift With New Promotion Act

3 months ago

Premium Sponsors

Press Releases

  • Earn with AI-Powered Hashrate, Not Market Speculation...

    7 hours ago
  • Will Bitcoin skyrocket in 2025? ETHRANSACTION Smart Cloud...

    7 hours ago
  • Bitget Surges to 7.2% Global Derivatives Market Share...

    9 hours ago
  • Bitget Lists Rhea Finance (RHEA) for Spot Trading

    9 hours ago
  • BTC MINGING

    BTC MINGING: Earn Passive Income Daily with Zero Effort –...

    9 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.