The Singapore-based cryptocurrency exchange has reportedly received a Payment Institution License (EMI) from Banco Central do Brasil, the central bank of Brazil. The exchange CEO Kris Marszalek welcomed the decision, saying that Brazil and the entire LATAM market is an important region in pursuing the exchange’s vision of cryptocurrency in every wallet. The exchange has actively established its foothold in different countries over the past few months and has obtained approval from countries such as France, the United Kingdom and South Korea.