El Salvador has passed a new Investment Banking Law allowing private investment banks to hold $BTC and other digital assets on their balance sheets.

These firms can now offer crypto services to ‘sophisticated investors’ and even obtain a Digital Asset Service Provider (PSAD) license, which would enable them to operate as full-fledged Bitcoin banks .

This could be a historic milestone for the country, opening the door for high-net-worth individuals to access regulated crypto investment opportunities. It’s also set to attract foreign investors from countries with rigid crypto laws, positioning El Salvador as a safe crypto haven. An influx of foreign Bitcoin would boost liquidity and give the nation the financial stability it needs.

Read on as we explore how El Salvador is forging strate

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