CoinVoice has recently learned that, according to Cointelegraph, Juan Carlos Reyes, the chairman of the El Salvador Digital Assets Commission (CNAD), confirmed that the newly passed Investment Banking Law will allow licensed investment banks to hold digital assets such as Bitcoin and provide cryptocurrency services to qualified investors.

The law explicitly states that investment banks can apply for a Digital Asset Service Provider (PSAD) license and even operate under a pure Bitcoin banking model. The government stated that this move will attract foreign investment and consolidate its position as a financial innovation center, but critics point out that the existing cryptocurrency policies primarily benefit institutions rather than the general public. [Original link]