.MercadoBitcoin, Brazil's largest crypto exchange, was licensed as a payment institution by Brazil's central bank on Friday. The company plans to issue a crypto payments card in the coming months. andresengler reports
The company is now authorized to operate as a payment institution, under the status of 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," Roberto Dagnoni, CEO of Mercado Bitcoin, said in a statement. Mercado Bitcoin already operates MB Pay, a digital account through which more than four million users can buy cryptocurrencies and invest in digital fixed income and different asset classes.
Dagnoni added that the exchange plans to offer financial services that combine the potential of crypto with traditional financial services, including a crypto payments card planned for the coming months.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘The Bitcoin Standard’ Author Becomes Economic Advisor to El Salvador’s Bitcoin Office | CoinMarketCapCryptoNews: Dr. Saifedean Ammous, renowned economist and author of 'The Bitcoin Standard,' will take on a new role as an Economic Advisor to El Salvador's Bitcoin Office. 🇸🇻
Read more »
Cleanspark Bolsters Hashrate With $40.5M Purchase of 12,500 Bitcoin Miners – Mining Bitcoin NewsThe purchase is expected to raise Cleanspark's overall Bitcoin hashrate by an extra 1.76 exahash per second (EH/s).
Read more »
Bitcoin Miladys Introduces Standard for Converting Ethereum NFTs to Bitcoin Ordinals | CoinMarketCapCryptoNews: Bitcoin Miladys, a Bitcoin-based derivative of the Miladys NFT collection, has introduced the BRC-721E token standard in collaboration with Ordinals Market and Xverse. 🔥
Read more »
Wealthy Investors and Family Offices Embrace BTC Following Bank Failures, Says Swan Bitcoin Executive – Bitcoin NewsLubka said wealthy investors and private offices have been gravitating towards bitcoin since the downfall of Silicon Valley Bank (SVB).
Read more »
Brazil's Lula cuts losses after setbacks on environment and Indigenous frontBrazilian President Luiz Inacio Lula da Silva has suffered a major defeat over important legislation protecting the Amazon rainforest and the Indigenous people who live in it, and he has had to cut his losses in a conservative Congress.
Read more »
Brazil's lower house approves curtailing environment, indigenous ministriesBrazil's lower house of Congress approved late on Wednesday a bill that curtails the powers of the ministries of the environment and Indigenous affairs.
Read more »