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The company, founded in Brazil, emerged in 2014 in the digital currency market as an innovative Exchange, working with a platform focused to simplify trades among cryptocurrencies. It is also the first Exchange in Latin America and has announced the opening of an office in Malta which takes with it almost 300 thousand users.
“We have spent some time immersed in studies of national legislation, articulated partnerships were selected and established plus we have attended some events herewith the government. Now the Island of Malta will be the scene of a new beginning full of news, “said Marlos Jennis, responsible for Bleutrade’s International Relationships.
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According to Felipe Melo, CEO, this transition arises at a time when the Mediterranean region presents true forms of becoming one of the first centers of world reference for blockchain and cryptocurrencies companies: “We went through a few countries and chose Malta mainly for legal security, which will give us more freedom when starting new services, besides in the island we find human resources with great potential.”
Regulators, in general, have been cracking down on cryptocurrency exchanges since the beginning of 2017, leading to several difficulties in such operations. Following the release of the Prime Minister Joseph Muscat, announcing that Malta ‘aims to be the global trailblazers in the regulation of blockchain-based businesses and jurisdiction of quality and choice for world class fintech companies’, Bleutrade is committed to being a part of this progressive world that will enable the writing of new history for its users.
Bleutrade also plans to add fiat currency ,like Dollar and Euro, to its platform once it is installed in the Mediterranean. The exchange today does not work with the Real currency, but seems to have partnered with the new exchange BitRecife, placed in Brazil, in order to enable crypto transfers without mining fees.
Marcos Vinicius, Bleutrade’s Advisor, affirms that the scenario seeks to a friendly jurisdiction place for the cryptocurrency sector, the key point that led Bleutrade to extend to the island. As Malta presented itself a step ahead of the market trend, it attracted major exchanges from the market such as Binance, Okex and now Bleutrade.
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Source : Bitcoin