🇸🇻 El Salvador Pushes Bitcoin Banking Forward! 💳⚡
What’s new?
New Investment Banking Law passed ✅
Distinguishes investment banks from commercial banks
Allows them to hold Bitcoin & digital assets 📊
Targets sophisticated investors (similar to US accredited investors)
Key features:
🏦 Banks can operate in legal tender & foreign currencies
🪙 With a PSAD license, they can run fully as Bitcoin banks
🌎 Aims to attract foreign investment & cement El Salvador as a crypto hub
Global moves:
🤝 President Bukele met Pakistan’s crypto minister to discuss national BTC adoption & mining energy policies
🤝 Bolivia’s central bank signed an MoU with CNAD to push crypto amid USD shortages, boosting stablecoin use
Why it matters:
✅ Strengthens institutional Bitcoin adoption
✅ Builds international alliances for crypto growth
⚠ Critics say benefits may favor government & big business over citizens