B2BINPAY Strengthens Position with New DASP Licence
B2BINPAY, a leading global crypto payment ecosystem for businesses, has secured authorization as a Digital Asset Service Provider (DASP) from El Salvador's National Commission of Digital Assets (CNAD). This accomplishment solidifies the company's leadership in the regulated crypto payments sector.
Details of the DASP Licence
The recently awarded licence allows B2BINPAY El Salvador, S.A. de C.V. to perform various regulated digital-asset operations. This encompasses the transfer of assets or access credentials between both corporate and individual holders, wallets, and accounts. Furthermore, it enables the safekeeping and custody of digital assets, facilitating exchange transactions between fiat and digital currencies or among digital assets themselves.
A Step Forward in Compliance
This licensing marks the second approval for B2BINPAY within El Salvador, following an earlier authorisation for Digital Exchange and Digital Wallet operations involving Bitcoin. These regulatory endorsements enhance B2BINPAY's standing as one of the select crypto payment providers with multiple approvals in the region.
Commitment to Regulatory Standards
Arthur Azizov, CEO of B2BINPAY, emphasized the company's unwavering commitment to transparency, compliance, and innovation. He remarked, "Securing this new CNAD licence is a natural progression of our long-term strategy to strengthen client trust and solidify our reputation as a reliable and regulated platform. Our main goal is to ensure businesses using B2BINPAY operate within frameworks that meet both global and local regulatory criteria."
El Salvador's Role in Digital Asset Regulation
El Salvador continues to establish itself as a leader in digital asset regulation. The CNAD has introduced a comprehensive legal and supervisory framework under the Digital Assets Issuance Law (LEAD), aiming to attract compliant global providers and encourage institutional adoption in Latin America. This CNAD licence not only enhances B2BINPAY's operational flexibility but also broadens its regulated ecosystem in Latin America (LATAM), supporting existing authorisations across Europe, the Middle East and North Africa (MENA), and Asia.
About B2BINPAY
B2BINPAY stands out as the premier European all-in-one crypto ecosystem for businesses. It delivers secure, efficient, and scalable services designed for seamless integration of cryptocurrency payments. Headquartered in Rome, Italy, B2BINPAY serves more than 980 merchants and has managed over $5.1 billion in total incoming transactions. The platform supports ten blockchains for USDT and USDC alongside over 350 cryptocurrencies, adhering strictly to KYC and KYT principles, which ensures compliance and transparency.
Frequently Asked Questions
What does the new DASP licence enable B2BINPAY to do?
The DASP licence allows B2BINPAY to conduct various regulated digital-asset operations, including asset transfers and custody of digital assets.
How is B2BINPAY ensuring compliance?
B2BINPAY adheres to strict KYC and KYT standards, maintaining transparency and meeting both global and local regulatory requirements.
What are B2BINPAY's core services?
B2BINPAY offers all-in-one crypto payment solutions, enabling businesses to integrate cryptocurrency payments efficiently and securely.
Where is B2BINPAY headquartered?
B2BINPAY is headquartered in Rome, Italy, serving clients globally with a strong operational presence.
What position does El Salvador play in crypto regulation?
El Salvador is recognized as a pioneer in digital asset regulation, with a legal framework established to foster institutional adoption of crypto across Latin America.
