El Salvador broadens its crypto strategy with impending Bitcoin banks and plans for a private investment bank offering dual-currency services, signaling an evolution in financial regulations.
El Salvador’s National Bitcoin Office announced that Bitcoin banks may soon be introduced, though specific details remain undisclosed. Additionally, the government has proposed establishing a private investment bank to operate in both Bitcoin and US dollars, requiring a minimum capital of $50 million and permitting foreign shareholders. This move aligns with the nation’s broader Bitcoin strategy, as it continues to enhance its crypto ecosystem while holding over 6,262 BTC valued at more than $730 million.
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