Juan Carlos Reyes, president of El Salvador's Digital Assets Commission (CNAD), the government's cryptocurrency regulator, told Reuters that investment banks will now be allowed to hold BTC and other digital assets on their balance sheets and offer cryptocurrency services to "sophisticated" investors, the equivalent of accredited investors in the United States. He added:
The new Investment Banking Law allows private investment banks to provide fiat and foreign currency trading services to "mature investors" and to engage in digital assets such as bitcoin with a Digital Asset Service Provider (PSAD) license. Banks with PSAD licenses can choose to operate entirely as bitcoin banks.
El Salvador's new Investment Banking Law allows private investment banks to offer fiat and foreign currency trading services to "sophisticated investors"
2025-08-09 19:54:40
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