El Salvador's New Bitcoin Bank Is a Crypto Game Changer. 👍🔥
El Salvador is doubling down on its Bitcoin ($BTC ) strategy! President Nayib Bukele has proposed a "Bank for Private Investment" (BPI) that would operate with both U.S. dollars and Bitcoin
Here's what you need to know:
🔷️Purpose: The BPI aims to attract international investors and offer more financial services to those in the crypto space
🔷️Regulation: It would operate under different, less stringent regulations than traditional banks.
🔷️Status: The proposal is currently under review by a government commission and has not been approved yet.
This is the latest step in El Salvador's journey since becoming the first country to adopt Bitcoin as legal tender in 2021.
What do you think about this move?
