fbpx
QQQ
+ 0.00
324.41
+ 0%
DIA
-0.04
343.69
-0.01%
SPY
-0.04
415.56
-0.01%
TLT
+ 0.00
136.79
+ 0%
GLD
+ 0.02
174.68
+ 0.01%

Latin American Crypto Exchange Bitso Clears Regulatory Hurdle

July 23, 2019 2:08 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

Bitso, Latin America’s first cryptocurrency exchange, said Tuesday it secured international licensing, allowing it to operate under a regulatory framework that guarantees consumer protections.

This announcement comes as the Gibraltar Financial Services Commission, a regulatory body, will permit Bitso to transparently conduct anti-illicit transactions under principles of integrity, risk mitigation and honesty.

Bitso also plans to divide itself into two entities, one operating from Gibraltar, and another in Mexico, as the exchange is waiting to be recognized as a certified Mexican fintech. Still, the receiving of a Distributed Ledger Technology Regulatory Framework license is big news as regulation has improved growth prospects for the exchange.

Related Links:

Archax CEO: We Want To Democratize Capital Markets

PayPal Analyst: Merchant Acceptance Lead Widening Over Amazon, Bitcoin


Related Articles

Tesla Still Holds Its Bitcoin, Musk Says While BTC Drops Below $43,000

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk has said that the electric car manufacturing company is still holding on to its Bitcoin (CRYPTO: BTC) investment so far. read more

Professional Trader Sees Doge Market Uncertainty, Calls on Traders to Get Back to Basics

Last week, we witnessed a classic “buy the rumor, sell the news” event with the cryptocurrency Dogecoin (CRYPTO: DOGE).  read more

SOS Ltd. Launches 6,039 Mining Rigs

SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today that 6,039 mining rigs received over the past month have all been put into operation, including a batch of 575 Ethereum (ETH) read more

MicroStrategy 8-K Shows Co. Purchased ~229 Bitcoins For $10M In Cash At Average Price Of ~$43.663K/Bitcoin