**El Salvador's New Bitcoin Banking Law: What It Means for Crypto Adoption**
El Salvador has passed the *Investment Banking Law*, allowing private banks to hold Bitcoin and digital assets with a PSAD license (Cointelegraph). This marks a strategic shift toward institutional crypto integration, targeting "sophisticated investors" while maintaining separation from commercial banking.
**Key Takeaways:**
- **Regulatory Clarity:** Banks can now operate crypto services legally, potentially attracting foreign firms.
- **Bitcoin Focus:** Licensed banks may function as *de facto* Bitcoin banks, reinforcing El Salvador’s pro-crypto stance.
- **Global Trend:** Similar to Bolivia’s stablecoin adoption, this reflects emerging markets’ pivot to crypto amid fiat instability.
*Action Tip:* Watch for PSAD-licensed bank announcements to gauge institutional interest in Salvadoran crypto markets.
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Analysis of El Salvador’s new law enabling Bitcoin banking for institutional investors.