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El Salvador Greenlights Bitcoin Holdings for Investment Banks
El Salvador has made another notable advancement in crypto integration into its financial ecosystem. As per the local reports, El Salvador has officially approved the unique Investment Banks Law, to permit registered entities to keep Bitcoin ($BTC) holdings and provide crypto services. In this respect, the law creates a clear demarcation between conventional commercial banks and investment banks. Additionally, the policy also unveils stringent entry requirements that include at least $50M in registered capital and at least $250K in overall disposable funds. The reports point out that the Legislative Assembly of El ... (full story)
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