El Salvador Partners with iFinex to Establish Cryptocurrency Regulation Framework

El Salvador, known for its progressive stance on cryptocurrencies, has announced a significant collaboration with iFinex, the parent company behind Bitfinex exchange and Tether (USDT), to create a robust regulatory framework for digital assets. This partnership underscores the country’s commitment to becoming a central hub for the global digital securities market.



On May 13, a declaration was made public detailing iFinex’s role in assisting the Salvadoran government to construct a formidable environment for digital and securities markets in the region. Paolo Ardoino, the CEO of both Bitfinex and Tether, articulated that this partnership heralds new avenues for mobilizing capital and the development of tokenized real-world assets such as equities.



Bitfinex and Tether stand as pioneers in the peer-to-peer exchange and stablecoin are


First found on: Cryptonews from Coinatory