The derivatives division of cryptocurrency exchange Bitfinex has announced it has obtained a Digital Asset Service Provider (DASP) license to operate in El Salvador.
This license allows the company to move its operations from Seychelles to the Central American country, it said in a press release on January 7.
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Paolo Ardoino, chief technology officer of Bitfinex Derivatives, has emphasized the importance of this approval, calling it a "defining moment" for the company and highlighting El Salvador's growing position as a global financial center.
In April, Bitfinex Derivatives obtained a local DASP license after El Salvador passed its Digital Asset Securities Law in January 2023.