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Which country has recently launched an initiative to license crypto firms?
A)
Cuba
B)
El Salvador
C)
Morocco
D)
Argentina

Correct Answer :   El Salvador


* Central American country El Salvador has started an initiative to license crypto firms.

* Cryptocurrency exchange Bitfinex has become the first cryptocurrency company to receive an official license in El Salvador.

* This license will allow Bitfinex to provide crypto-related services in the country as per the legal provisions of the country.

* El Salvador became the first country in the world to accept Bitcoin as a payment option in 2021.

Published On : April 12, 2023
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