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In: Banking, Bitcoin, El Salvador

The new law allows banks with over US$50 million capital to offer cryptocurrency services. It targets “sophisticated investors” holding more than US$250,000 in liquid assets, including Bitcoin. Licensed institutions can hold Bitcoin, issue tokens, and create regulated crypto-linked investment products. El Salvador’s National Assembly has passed the Investment Banking Law,Continue Reading

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In: Bolivia, Digital Asset, El Salvador

Bolivia’s Central Bank (BCB) signed an agreement with El Salvador’s National Commission for Digital Assets (CNAD) to leverage El Salvador’s expertise in crypto regulation and integration. This partnership seeks to modernise Bolivia’s financial system as the Bolivian currency faces pressure. The agreement establishes a framework for ongoing cooperation without aContinue Reading