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El Salvador has approved new legislation that opens the door for major financial institutions to offer Bitcoin and other digital assets to institutional investors. This law, which was passed by the country's legislative council, allows financial institutions with a minimum capital of 50 million Dollar to qualify as investment banks.
These institutions can now apply for licenses to offer services denominated in Bitcoin and other cryptocurrencies to investors holding more than 250,000 Dollars in liquid assets.
The new framework is based on the current cryptocurrency regulations in El Salvador, w
View OriginalThese institutions can now apply for licenses to offer services denominated in Bitcoin and other cryptocurrencies to investors holding more than 250,000 Dollars in liquid assets.
The new framework is based on the current cryptocurrency regulations in El Salvador, w