El Salvador Shifts Focus to Wealthy Investors with New Bitcoin Law Amidst Power Consolidation
San Salvador, El Salvador — In a significant policy shift three years after adopting Bitcoin as legal tender, El Salvador has introduced a new law targeting high-net-worth and institutional investors. The recent developments reflect an effort to reshape the cryptocurrency landscape in the country, allowing only a select group of investors to access digital asset services. The Legislative Assembly’s newly enacted Investment Banking Law enables licensed financial institutions with a minimum capital of $50 million to offer services related to Bitcoin and other digital assets. However, entry into this market will be limited strictly to … Read more