Tether acquired a minority stake in BIT2ME to expand its present in Latin America and The
Summary
- Tether leads € 30 million funding round in BIT2ME
- BIT2Me recently obtained a license to work under MICA rules
- Firm will use funds to expand in Latin America and European Union
Tether on Thursday, August 7, Tether acquired a minority stake in Bit2ME, one of the largest crypto platforms focused on Spanish speakers. As part of the deal, the tather is leading the € 30 million funding round in the firm.
Investment comes after BIT2ME receives a license by BIT2ME to provide Spain’s crypto-asset service. This enables the exchange to follow the asbestos regulation of the European Union, allowing all 27 European Union members to operate in statistics.
“Bit2Me has consistently sought its commitment to the creation of a complaint, safe and spontaneous infrastructure to the digital asset ecosystem,”
BIT2ME co-founder and COO Andrei Manuel reported that the money raised will be used to expand the company’s presence in the European Union and Latin American. In particular, meditation will be on the arteries, which have long been struggling with macroeconomic instability.
“With their support, we aim to accelerate our leadership in Europe and Latin America, such markets that are just beginning to unlock the power of decentralized finance,” Andrei Manual, Bit 2m.
European Union, threatened by American rules
This investment comes despite the ongoing regulatory issues of Tathar in the European Union. No, asbestos regulations demand strict dislosions for stabechoin issuers. However, it was not ready to provide Somathing Teeter, effectively blocking it from the European Union market.
Titu may soon face similar challenges in the United States, which recently passed the Genius Act. The new law enforces strict transparency requirements to issuer, which can traditionally cause a problem for secret tectons.