May 13th iFinex announced a collaboration agreement with the government of El Salvador to create a legal framework for digital assets and securities.
announcement
Great news for the cryptocurrency community! iFinex, the parent company of the Bitfinex exchange, has joined forces with the government of El Salvador to create a solid “home” for digital assets and securities markets!
This partnership represents a significant step forward in providing a comprehensive legal framework for digital assets in El Salvador and paving the way for the issuance and trading of digital financial products.
With its extensive experience in operating exchanges, iFinex will help El Salvador develop laws, regulations and guidelines related to cryptocurrencies.
iFinex also advises the Government of El Salvador on the issuance and facilitation of digital asset transactions, including the issuance of the “Volcano Bond”, the world’s first digital bond collateralized by Bitcoin, aimed at building energy infrastructure for Bitcoin mining. You have a responsibility to do it.
Paolo Ardoino, Chief Technology Officer at Bitfinex Securities, said: “We are excited to participate in this project with the Government of El Salvador and Blockstream, opening up new opportunities for capital mobilization and equity tokenization. “
El Salvador’s President Nayib Bukele also said, “We are proud of this cooperation and believe that this will be an important step for El Salvador to become the world’s new financial center.”
This is certainly a promising step for both iFinex and El Salvador and sets the stage for explosive growth in the future digital asset market!