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Tether, the world’s largest stablecoin, has announced that it “and its subsidiaries are about to complete all formalities to relocate to El Salvador.” This comes after Tether acquired a Digital Asset Service Provider (DASP) license in El Salvador.  It also follows an announcement from Bitfinex Derivatives that it had also received a DASP license in the country.  Bitfinex Derivatives has been awarded a Digital Asset Service Provider licence in El Salvador – a monumental step in our global expansion. The new licence supports El Salvador as a key digital asset financial centre. Discover more:https://t.co/vPGO01clhp pic.twitter.com/79hdbBHONX — Bitfinex (@bitfinex) January 7, 2025 The full list of Bitfinex and Tether entities that seem to have received DASP licenses is: Bitfinex Derivatives El Salvador, S.A. de C.V. TGNA El Salvador S.A. de C.V. TG Commodities El Salvador, S.A. de C.V. Tether NA El Salvador, S.A. ...

One community member interpreted the IMF’s move as a way to “scare other countries away” from adopting Bitcoin as a legal tender. After a visit to El Salvador, the International Monetary Fund (IMF) suggested the country reconsider its plans to increase exposure to Bitcoin (BTC). The community responded to the IMF’s suggestion with various messages calling out the organization. From dismissing the IMF’s suggestion as a simple case of spreading fear, uncertainty and doubt, or “FUD,” to interpreting it as a strong bullish signal for BTC, various crypto community members went to social media to express their sentiments on the IMF’s efforts to discourage El Salvador’s plans for Bitcoin. In a tweet, one community member argued that IMF’s move is a way to “scare other countries away” from the example that El Salvador has set. The Twitter user also urged others to adopt BTC and help close central banks. They tweeted: what IMF meant was that #ElSalvador's #Bitcoin benefits materialized and...