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El Salvador’s central bank accepts Qredo’s registration to provide crypto services

2022.05.06 01:06

El Salvador’s central bank accepts Qredo's registration to provide crypto services
El Salvador’s central bank accepts Qredo’s registration to provide crypto services

Decentralized finance firm Qredo has received approval for registration as a Bitcoin (BTC) service provider in El Salvador.

In a Wednesday announcement, Qredo said the Central Reserve Bank of El Salvador accepted the crypto firm’s registration as a recognized Bitcoin service provider as laid out in the country’s Bitcoin Law. According to the registration website, Qredo was authorized to custody BTC, provide Bitcoin wallets, process payments and act as a digital asset exchange.

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