Bitfinex Granted First Digital Assets License in El Salvador

Bitfinex Securities El Salvador S.A. de C.V. (Bitfinex Securities El Salvador), a newly established branch of the digital token trading platform Bitfinex​, has been granted the first-ever digital asset license from El Salvador's National Digital Asset Commission under the new Digital Assets Issuance Law. 

The new license authorizes the unit to operate as a Digital Asset Service Provider in El Salvador. Bitfinex’s peer-to-peer trading of certain listed securities and related services is operated by Bitfinex Securities Ltd. 

"We are delighted to be the first company to be awarded this licence. It will enable 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", said Paolo Ardoino, Chief Technology Officer of the Bitfinex group.

The latest move facilitates the Bitfinex group's continuous efforts to promote financial freedom and inclusion in El Salvador and beyond, offering not only large corporations but also smaller, otherwise-marginalised companies, as well as retail investors, the opportunity to participate in global markets, according to Bitfinex's announcement.