How El Salvador’s new law could make Bitcoin banks a reality!
El Salvador’s new Investment Banking Law allows regulated banks to hold Bitcoin and offer crypto services to accredited investors. With growing global interest, the country is positioning itself as a rising crypto finance hub.
El Salvador’s Legislative Assembly is doubling down on its Bitcoin [BTC] bet.
A newly approved Investment Banking Law will let regulated investment banks hold Bitcoin and offer crypto services to accredited investors. This would be a big step forward to lure foreign capital and help further the country’s status as an emerging global crypto hub.
El Salvador’s big crypto move
The law applies to investment banking institutions. They will serve only “sophisticated investors”, defined as individuals or entities with at least $250,000 in liquid assets and extensive market experience.
Naturally, the framework sets investment banks apart from traditional commercial banks.
They can operate in both legal tender and foreign currencies, handle complex financing for sectors such as infrastructure, energy, and technology, and secure a Digital Asset Service Provider license to go fully Bitcoin-native.
