Mercado Bitcoin, Brazil's largest crypto
exchange, was licensed as a payment institution by Brazil's central bank on
Friday, Valor Economico newspaper reported.
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.
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