Brazil opened a pathway to diversify its financial services after the central bank granted Mercado Bitcoin a payment provider license, allowing it to offer new digital banking solutions via MB Pay.
The Brazilian crypto exchange getting the payment provider licence is a significant milestone for the country's crypto industry; it shows the growing adoption of digital currencies in Brazil
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The central bank of Brazil recently issued a license to Mercado Bitcoin, the largest local crypto exchange, which can now operate as a payment institution.
Mercado Bitcoin, the leading cryptocurrency exchange in Brazil, has secured a payment institution license from the country’s central bank, allowing the company to expand its services and enhance its customer experience. With the new license in place, Mercado Bitcoin plans to launch its fintech solution, MB Pay, offering a range of digital banking services and . <a title="Brazil’s largest crypto exchange, Mercado Bitcoin, receives central bank approval as a payment institution" class="read-more" href="https://www.cryptopolitan.com/mercado-bitcoin-receives-central-bank-approval/" aria-label="More on Brazil’s largest crypto exchange, Mercado Bitcoin, receives central bank approval as a payment institution">Read more</a>