Bitfinex awarded First-Ever digital asset service provider license in El Salvador
El Salvador, the world’s first nation-state to establish bitcoin as legal tender, has issued a digital assets license to crypto exchange Bitfinex. This marks a landmark achievement for Bitfinex as it has essentially become the first crypto firm to secure El Salvador’s license to operate its regulated trading platform in the tiny Central American country.
Bitfinex has expanded in a major way in El Salvador.
Bitfinex has acquired a digital asset license to operate a regulated trading platform in El Salvador. In an April 11 statement, Bitfinex CTO Paolo Ardoino noted that the company is the world’s first global cryptocurrency platform to receive this license under the new legal framework approved by the Latin American nation.
Bitcoin could be the public ‘Escape Route’, according to Robert F. Kennedy Jr
US Democratic presidential aspirant, Robert F. Kennedy Jr recently shared his opinion on Bitcoin, saying it potentially offers an escape route for the bubble invariably collapses.
The 2024 Presidential candidate gave the statement on Twitter while reiterating his stance against the FedNow Central Bank Digital Currency (CBDC). Notably, he expressed his concerns about the CBDC last week and stressed that it would only result in the government seizing and outlawing cryptocurrencies, particularly Bitcoin.
While the FedNow CBDC is scheduled to launch in July, Kennedy Jr contends that they represent the pinnacle of social monitoring and control. He cited a February article in which the White House was accused of “organizing bankers to take part in a sophisticated, widespread crackdown to destroy the cryptocurrency industry”.
Furthermore, he claimed the government’s crackdown eliminates alternative railways and strengthens their control over both the political and financial institutions.
Bitcoin miner Bitmain fined by Chinese authorities
The Bitcoin (BTC) mining company Bitmain broke Chinese tax laws for which the local government has reportedly levied heavy fines.
According to a report from the regional news source Sina Finance on April 11, Bitmain Technologies has received a penalty fee from the Beijing Municipal Office of the State Administration of Taxation.
In accordance with the source, which quotes information from China’s data register of private and public firms, Qichacha, the regulator penalized Bitmain roughly 25 million Chinese yuan ($3.7 million).
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