Bit2me, a Spanish cryptocurrency exchange, has taken a bold step to expand its operations to Latam. According to a statement from local media, Bit2me announced that it has established a new office in Brazil that will take care of compliance tasks. This is one of the operational strategies that the stock exchange has introduced in Spanish-speaking countries.
According to Bit2me, Brazil is a key factor due to its high number of crypto users and the crypto market. In support of this Bit2me CFO, Pablo Casadio said :
“Brazil is a key country in Bit2me’s entry into Latin America since more than 20 million Brazilians are already investing in cryptocurrencies, which shows their interest in learning about this new technology. »
For smooth operations in the country, the exchange has recruited former Binance employee Ricardo Da Ros to oversee the expansion of its operations in the country. The exchange is very optimistic about Da Ros’ entry into the Brazilian market because it will be able to further educate customers about the crypto market and bitcoin.
“I believe that with Bit2me we will be able to improve the knowledge of 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; in addition, it was the first exchange to be issued a virtual asset service provider (VASP) license by the Bank of Spain in February.
At first glance, the idea of compliance could be introduced into Brazil’s operations, since the exchange already has a configuration that will secure customer transactions.
According to the exchange, the office will contribute to the prevention of financial terrorism and money laundering. This will strengthen the power of exchange over its competitors who operate outside the country. In addition, Brazil is working on approving a crypto law that will regulate the operations of virtual asset service providers.