BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Regulation

Bitfinex Securities Launches in El Salvador, Paving the Way as the Country’s First Registered Service Provider

by Chiwuike Owunwa
Jan 31, 2024 - 3:00 pm
in Regulation, Sticky
Bitfinex Securities logo with El Salvador flag in the background, symbolizing the historic launch of the first registered digital asset service provider in the country.

Bitfinex Securities’s Strategic Move to El Salvador

Bitfinex Securities, a renowned digital asset exchange, has announced its upcoming launch in El Salvador on January 31. This move positions Bitfinex as the first registered and licensed digital asset service provider in the country, marking a significant development in El Salvador’s evolving crypto landscape.

Implications for El Salvador’s Digital Asset Standing

The introduction of Bitfinex Securities in El Salvador is anticipated to bolster the country’s position as a key player in the digital asset space. With the growing global interest in cryptocurrency, this strategic move may also influence the outcomes of the upcoming general election scheduled for February 4.

Bitcoin Investments and Profitable Returns

The decision to launch Bitfinex comes on the heels of President Nayib Bukele’s announcement of El Salvador’s profitable Bitcoin investments. As Bitcoin surpassed $42,000 in early December 2023, Bukele shared on social media that the country had not only recovered its initial investment but also accrued a significant profit.

El Salvador's #Bitcoin investments are in the black!

After literally thousands of articles and hit pieces that ridiculed our supposed losses, all of which were calculated based on #Bitcoin’s market price at the time…

With the current #Bitcoin market price, if we were to sell… pic.twitter.com/gvl2GfQMfb

— Nayib Bukele (@nayibbukele) December 4, 2023

El Salvador’s Crypto-Friendly Legislation

El Salvador made headlines in September 2021 by adopting Bitcoin as its legal tender, followed by the enactment of official digital asset legislation in January 2023. The move positioned the country as a crypto-friendly hub and attracted global attention.

Citizenship Through Bitcoin Investment

In a groundbreaking legislative move on December 21, 2023, El Salvador‘s Congress passed a law allowing foreign citizens to obtain citizenship through Bitcoin investments. The law aims to encourage foreign investment and expedite the naturalization process for investors contributing to social and economic development programs.

Attracting Foreign Investors with Flexible Terms

Notably, the new law doesn’t specify a minimum donation amount, offering flexibility and broadening its appeal to a diverse group of investors. This initiative aligns with El Salvador’s strategy to attract foreign capital and strengthen its economy.

As Bitfinex Securities prepares to make history in El Salvador, the convergence of cryptocurrency, legal frameworks, and economic strategies in the country sets a precedent for the evolving relationship between nations and digital assets.

Tags: BitfinexElSalvadorRegulation
Chiwuike Owunwa

Chiwuike Owunwa

Chiwuike is a frontend programmer and writer with 3 years experience in the Web3. He's meticulous researcher, enthusiastic about Blockchain and the future of crypto, DeFi, and the Metaverse.

Related Posts

Arthur Hayes speaking about Bitcoin as Japan’s new Prime Minister announces economic stimulus measures

Arthur Hayes Predicts $1M Bitcoin as Japan’s New PM Unveils Economic Stimulus

October 22, 2025

Arthur Hayes predicts Bitcoin could hit $1M as Japan’s new PM Sanae Takaichi launches economic stimulus, signaling potential...

blockchain

Bolivia’s President-Elect Rodrigo Paz Turns to Blockchain to Fight Corruption

October 20, 2025

Bolivia’s new president Rodrigo Paz plans to use blockchain in public procurement and crypto asset declarations as part...

24H HOLD token price chart showing 35% surge despite market pullback

Crypto markets surge as Trump confirms October 31 summit with Xi Jinping

October 19, 2025

Crypto markets rebound after Trump confirms October 31 summit with Xi Jinping, easing US-China tensions and sparking optimism...

Arthur Hayes speaking about Bitcoin as Japan’s new Prime Minister announces economic stimulus measures

Huobi Founder Li Lin Plans $1B Ethereum Treasury Firm with Top Asian Investors

October 18, 2025

Huobi founder Li Lin aims to launch a $1B Ethereum treasury firm with major Asian investors, signaling one...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service