El Salvador Legalizes Bitcoin Banking for Accredited Investors

El Salvador has taken a major step towards becoming a global crypto hub by permitting banks to operate as entirely Bitcoin-based financial institutions. This groundbreaking legal move, outlined in the new Investment Banking Law, designates banks with licenses as specialized Bitcoin entities for accredited investors. This aligns with El Salvador’s ambition to become a central figure in the cryptocurrency finance sector, drawing significant interest from international investment firms and redefining global banking practices.