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Brazil's Largest Crypto Exchange Gains Payments License

From financemagnates.com

Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, received a payment institution license from the country's central bank late last week, local media Valor Economico reported. It will enable the crypto exchange to operate as a payment institution under the status of an electronic money issuer. Mercado Bitcoin Becomes a Licensed Payments Provider: Under the new license, the Brazilian crypto exchange will enhance its fintech offerings under MB Pay. It can provide Brazilian users with digital banking services using held crypto assets, including digital fixed-income investments, staking, and other financial ... (full story)

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