Statement On The Passing Of El Salvador's Securities Law - Bitfinex blog
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Statement On The Passing Of El Salvador’s Securities Law

ROAD TOWN, British Virgin Islands –  January 11, 2023  

“We are delighted that El Salvador has today passed its domestic securities law. This paves the way for more innovative financial solutions to meet the country’s needs, including the forthcoming Volcano Token. This is a monumental achievement that will surely become part of history as El Salvador takes sovereignty over its financial future. Bitfinex’s role as the technology provider for El Salvador’s Volcano Token underlines our commitment to financial freedom and Bitcoin adoption.” Paolo Ardoino, CTO at Bitfinex.

“This new securities law paves the way for El Salvador to expand on the strong economic benefits established by President Bukele when the country became the first in the world to make Bitcoin legal tender on September 7, 2021. By providing a framework for new bitcoin-based capital markets, El Salvador should soon become a financial powerhouse similar in importance to Singapore and Hong Kong.

Bitfinex is the ideal partner with a proven track record of success and innovation.” Max Keiser, Bitcoin advisor to President Bukele

Bitfinex has sponsored a number of initiatives to drive access to cryptocurrency for people across El Salvador, including supporting financial inclusion and education in a new collaboration with My First Bitcoin (Mi Primer Bitcoin). Mi Primer Bitcoin is an international educational program that was founded in September 2021 by John Dennehy, a writer, activist and prominent Bitcoin supporter. The program offers a diploma to students who complete a course on the use cases of Bitcoin and the crypto industry. 

In addition, Bitfinex has performed an advisory role for the government of El Salvador in its development of a securities framework. Learn more about here.


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