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iFinex is helping El Salvador regulate crypto

By Yugocean | Crypto Today | 14 May 2024


 

iFinex is helping El Salvador regulate crypto

  iFinex will help Nayib Bukele government of El Salvador, in developing laws, regulations and guidelines related to the crypto world. This is the first time a crypto company is helping the Government of a country in such matters, this is also a positive step, because crypto companies will care for the crypto business. iFinex was the first crypto company, which was trying to promote itself in El Salvador, and it succeeded.

 




OTHER NEWS 

STABLECOIN

Tether has frozen 5+M USDT associated with Banned addresses

   Tether froze around 5.2 million USDT on 12 Ethereum addresses which were associated with Banned addresses. The USDT Banned addresses are considered either to be associated with phishing groups, or banned by US sanctions.

 



EL SALVADOR CALLING

Will Tether move to El Salvador?

   Tether is a centralised and largest stablecoin developer, currently troubled by US government agencies to support their rules and sanctions. It is possible that Tether might move to El Salvador. Tether's parent company, iFinex, is helping the government of El Salvador regulate crypto. iFinex's other subsidiary, Bitfinex Securities, is working on multiple important projects in El Salvador. iFinex has a chance to make El Salvador Tether-friendly. With iFinex, Tether too might move to El Salvador, which is safer than US regulations (SEC, etc.).

 




INTERNATIONAL INCIDENT

 

Bitfinex Securities making itself stong in El Salvador

     Bitfinex Securities is working on multiple important projects in El Salvador like the country’s first digital asset securitization project, the first luxery hotel at the international airport of San Salvador, etc. Bitfinex Securities is a subsidiary of iFinex.

 



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Yugocean
Yugocean

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