Odaily Planet Daily News: El Salvador's pro-Bitcoin President Nayib Bukele has proposed the establishment of a private investment bank in the country. If approved, Bitcoin investors will have access to financial services with fewer restrictions than traditional banks. "As part of El Salvador's economic plan, we propose the establishment of a private investment bank (BPI) that can provide potential investors with diversified financing options in US dollars and Bitcoin," wrote Milena Mayorga, the Salvadoran ambassador to the United States, in a June 14 article. Bukele's senior Bitcoin advisor Max Keiser added on the same day: "President Bukele has launched new legislation to establish a Bitcoin bank during his new term." He noted that Ark Invest CEO Cathie Wood predicted that El Salvador's real GDP "could grow 10 times in the next five years," and if the above policies are implemented, it will be "more likely" to achieve this goal. (Cointelegraph)
