Bitfinex Secures DASP Licence in El Salvador

Bitfinex has secured a DASP (Digital Asset Service Provider) licence in El Salvador, marking its complete presence in the country. The move is significant as it allows Bitfinex to operate freely and provide its services to clients in the region.

The DASP licence enables cryptocurrency exchanges like Bitfinex to offer their services in compliance with local regulations. This development comes after El Salvador passed a law making Bitcoin (BTC) legal tender, paving the way for other cryptocurrencies and service providers to enter the market.

Bitfinex's move into El Salvador is seen as an important step in its expansion plans. The company has been working towards establishing itself in key markets around the world.