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Bit2me opens new office in Brazil to expand activities

 


Bit2me, a Spanish cryptocurrency exchange, has taken a bold step to expand its operations to Latam. According to a local media statement, Bit2me announced that it has established a new office in Brazil that will handle compliance tasks. This is one of the operating strategies that the exchange has adopted in Spanish-speaking countries.


According to Bit2me, Brazil is a key factor due to its high number of crypto users and crypto market. In support of this Bit2me CFO, Pablo Casadio said:


“Brazil is a key country for Bit2me's entry into Latin America, as already more than 20 million Brazilians are investing in cryptocurrencies, showing their interest in learning more about this emerging technology.”


To ensure smooth operations in the country, the exchange onboarded former Binance employee Ricardo Da Ros to oversee its expanding operations in the country. The exchange is very optimistic about Da Ros entering the Brazilian market as he will be able to educate clients more about the crypto market and Bitcoin.


He explained:


"I believe that with Bit2me we will be able to increase knowledge about cryptocurrencies in Brazil and bring Satoshi Nakamoto's idea closer to all Brazilians interested in this revolution."


Compliance-based service approach

The exchange has always believed in a compliance-based service approach; It was also the first exchange to receive a Virtual Asset Service Provider (VASP) license from Bank of Spain back in February.


As it stands, the compliance idea could be rolled out in Brazil since the exchange already has a facility that secures customer transactions.


According to the exchange, the bureau will help prevent financial terrorism and money laundering. This will strengthen exchange power over its competitors operating outside the country. Also, Brazil is working on passing a crypto law that will regulate the operations of virtual asset service providers.

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