El Salvador allows investment banks to hold and offer Bitcoin services
El Salvador’s Legislative Assembly has passed a law allowing financial institutions with at least $50 million in capital to qualify as investment banks, enabling them to apply for licenses to offer Bitcoin- and digital asset-based financial services to “qualified investors” holding at least $250,000 in liquid assets.
The new law allows investment banks to add existing crypto license categories, making it legal for them to hold Bitcoin, issue tokens, and structure crypto-linked deals within the current regulatory framework. This marks a shift from promoting retail Bitcoin adoption toward attracting institutional capital, as public adoption remains low and the government prioritizes securing a $1.4 billion IMF loan.
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