Bitfinex Securities El Salvador receives Digital Asset Service provider license in El Salvador

cointelegraph.com:

Digital asset exchange “Bitfinex Securities El Salvador” has received a digital asset service provider license under El Salvador's new Digital Assets Issuance Law, which was passed by El Salvador's National Congress in January 2023, with the goal of fostering increased financial innovation and growth in the Central American country. 

According to the announcement, the license, which was granted on April 11 by El Salvador’s National Digital Asset Commission, makes Bitfinex Securities El Salvador “the world’s first international digital asset platform to receive approval to be licenced as a Digital Asset Service Provider" in El Salvador 

We are now the world's first international digital asset platform to receive approval for a Digital Asset Service Provider license under El Salvador’s new Digital Assets Issuance Law! A milestone for financial freedom in Latin America.@bitfinex https://t.co/88Mmmi5s6M

Paolo Ardoino, chief technology officer of Bitfinex, noted that the license will allow “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.”

The announcement alleged that Bitfinex Securities El Salvador, a newly-formed entity in El Salvador, will offer a regulatory-compliant platform for companies worldwide to issue digital assets like equities, bonds, and other financial instruments. This will present a unique opportunity for businesses and individuals to leverage the advantages of issuing, investing, and trading in digital assets in a favorable regulatory environment in El Salvador. 

Bitfinex Securities El Salvador will function independently from Bitfinex group's current platform, Bitfinex Securities