Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, received a payment institution license from the country's central bank late last week, local media Valor Economico reported. It will enable the crypto exchange to operate as a payment institution under the status of an electronic money issuer. Mercado Bitcoin Becomes a Licensed Payments ProviderUnder the new license, the Brazilian crypto exchange will enhance its fintech offerings under MB Pay. The increasing demand for digital assets even pushed global crypto exchanges to enter the Latin American country. Apart from Mercado Bitcoin, other crypto exchanges holding the Brazilian payments license are Crypto.com and Bitso.
