Bitfinex Securities, a regulated platform for tokenised securities, has launched express onboarding for Salvadoran residents. This allows residents to access capital raise opportunities and trading through the platform more efficiently, while still complying with the necessary regulatory Know Your Customer (KYC) requirements.
Previously, Salvadorans needed to provide a wide range of documents, such as birth certificates, proof of residency, and criminal background checks. Now, they only need an official El Salvador photo ID, a tax ID number, a biometric photo, a residence address, and a phone number to open an account. Jesse Knutson, Head of Operations at Bitfinex Securities, stated that this initiative aims to make it easier for Salvadorans to access tokenised investment products.
Bitfinex Securities became the world’s first international digital asset platform to be licensed as a Digital Asset Service Provider under El Salvador’s Digital Asset Issuance Law in April 2023.
Source
<p>The post Bitfinex Securities Introduces Express Onboarding for Salvadorans first appeared on CoinBuzzFeed.</p>