Brazil Recognizes Mercado BTC As Payment Inst.
Brazil’s central bank licenced Mercado Bitcoin, the country’s largest cryptocurrency exchange, as a payment institution on Friday, according to the Valour Economico newspaper.
The company is now permitted to operate as a payment institution and an electronic money issuer.
“The central bank’s approval is an important step, as it allows us to continue with our business expansion plans to offer an even more complete experience to our customers,” said Roberto Dagnoni, CEO of Mercado Bitcoin, in a statement.
Mercado Bitcoin already operates MB Pay, a digital account through which over four million users can purchase cryptocurrencies as well as invest in digital fixed income and various asset classes.
(With inputs from Shikha Singh)
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