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New Bitcoin (BTC) Step Came from Nayib Bukele and El Salvador. El Salvador President Nayib Bukele has proposed the creation of a private investment bank aimed at providing financial services to #Bitcoin (BTC) investors. This village aims to ease traditionally imposed restrictions. The known bank will enable information to trade in both US dollars and Bitcoin, potentially becoming a service provider for digital assets and Bitcoin. “As part of our economic plan for #ElSalvador , we are proposing a BPI, a Private Investment Bank, through which we can diversify the financing options available to potential investors in Dollars and Bitcoin,” said El Salvador's Ambassador to the United States, Milena Mayorga. The reform bill defines expert investors as people who have investment experience, can assess risks and have freely available assets equivalent to $250,000 or $500,000. Private investment banks will be able to trade in any fiat currency, including dollars and Bitcoin. They may also seek authorization to become digital asset service providers and Bitcoin service providers. According to the reform project, private investment banks will not be subject to all prohibitions set out in the Banking Law. For example, it will not be subject to the ban on "providing loans or assuming risks to the same person for more than 25% of the Wealth Fund" regulated in Article 197 of the current law. The project also states that the ban on lending more than 10% of bank assets to people abroad, regulated in Article 197, will not apply to loans given by private investment banks.
New Bitcoin (BTC) Step Came from Nayib Bukele and El Salvador.

El Salvador President Nayib Bukele has proposed the creation of a private investment bank aimed at providing financial services to #Bitcoin (BTC) investors.

This village aims to ease traditionally imposed restrictions.

The known bank will enable information to trade in both US dollars and Bitcoin, potentially becoming a service provider for digital assets and Bitcoin.

“As part of our economic plan for #ElSalvador , we are proposing a BPI, a Private Investment Bank, through which we can diversify the financing options available to potential investors in Dollars and Bitcoin,” said El Salvador's Ambassador to the United States, Milena Mayorga.

The reform bill defines expert investors as people who have investment experience, can assess risks and have freely available assets equivalent to $250,000 or $500,000.

Private investment banks will be able to trade in any fiat currency, including dollars and Bitcoin. They may also seek authorization to become digital asset service providers and Bitcoin service providers.

According to the reform project, private investment banks will not be subject to all prohibitions set out in the Banking Law. For example, it will not be subject to the ban on "providing loans or assuming risks to the same person for more than 25% of the Wealth Fund" regulated in Article 197 of the current law. The project also states that the ban on lending more than 10% of bank assets to people abroad, regulated in Article 197, will not apply to loans given by private investment banks.
‪Kudos to #Binance for their commitment to providing top-notch customer support and creating job opportunities in #ElSalvador . Here's to more companies following their lead! 🙌‬
‪Kudos to #Binance for their commitment to providing top-notch customer support and creating job opportunities in #ElSalvador . Here's to more companies following their lead! 🙌‬
🔥🔥Breaking News 🔥🔥: #ElSalvador to Remove #Taxes on Technological Advancements🚀. Source: https://infomozo.com/el-salvador-to-remove-taxes-on-technological-advancements/
🔥🔥Breaking News 🔥🔥:

#ElSalvador to Remove #Taxes on Technological Advancements🚀.

Source: https://infomozo.com/el-salvador-to-remove-taxes-on-technological-advancements/
El Salvador Bitcoin University?The SEC and Blackrock may be trying to send us to some dystopian future but the powers of light keep on building!!!! #BTC #ElSalvador #BullRun #SVB #Educational

El Salvador Bitcoin University?

The SEC and Blackrock may be trying to send us to some dystopian future but the powers of light keep on building!!!!

#BTC #ElSalvador #BullRun #SVB #Educational

El Salvador’s President Bukele Embraces Bitcoin And Garners 91% Approval Rating In Latest OppositionEl Salvador’s President, Naib Bukele, has released the results of a recent poll that show his approval rating is at an all-time high of 91%. Bukele, who has been in office since 2019, has gained popularity for his initiatives to fight crime and improve the country’s economy. One of Bukele’s most significant moves as president was introducing Bitcoin as legal tender in El Salvador, making it the first country in the world to do so. The move has been closely monitored by international organizations such as the World Bank and the International Monetary Fund, but El Salvador has continued to make progress. The country recently repaid its government bonds in full, amounting to $800 million, and its credit rating has improved as a result. Despite these successes, Bukele’s government has faced criticism from human rights groups for its handling of gang violence in the country. The president has been accused of human rights violations for segregating and imprisoning gang members in isolated prisons, where they are sometimes transferred while wearing only their underwear. Bukele has defended these actions, arguing that they are necessary to combat the violence and protect citizens. The latest poll results show that Bukele’s tough stance on crime and his efforts to improve the country’s economy has been well-received by the majority of El Salvadorians. In his tweet announcing the poll results, Bukele appeared to mock the opposition, stating that if they are only at 6%, he wonders what the actual approval rating is. Bukele’s high approval rating could indicate a shift in the political landscape of El Salvador, with voters showing support for his policies and leadership. However, as with any poll, there are always questions about the methodology and sample size, and it remains to be seen how Bukele’s popularity will hold up in the long term. Overall, President Naib Bukele’s approval rating of 91% reflects his success in introducing bold initiatives such as making Bitcoin legal tender and fighting crime, despite criticisms from human rights groups. The poll results could indicate a promising future for the president, but as always, time will tell. #bitcoin #ElSalvador #Naibbukele #azcoinnews #crypto2023 This article was republished from azcoinnews.com

El Salvador’s President Bukele Embraces Bitcoin And Garners 91% Approval Rating In Latest Opposition

El Salvador’s President, Naib Bukele, has released the results of a recent poll that show his approval rating is at an all-time high of 91%. Bukele, who has been in office since 2019, has gained popularity for his initiatives to fight crime and improve the country’s economy.

One of Bukele’s most significant moves as president was introducing Bitcoin as legal tender in El Salvador, making it the first country in the world to do so. The move has been closely monitored by international organizations such as the World Bank and the International Monetary Fund, but El Salvador has continued to make progress. The country recently repaid its government bonds in full, amounting to $800 million, and its credit rating has improved as a result.

Despite these successes, Bukele’s government has faced criticism from human rights groups for its handling of gang violence in the country. The president has been accused of human rights violations for segregating and imprisoning gang members in isolated prisons, where they are sometimes transferred while wearing only their underwear. Bukele has defended these actions, arguing that they are necessary to combat the violence and protect citizens.

The latest poll results show that Bukele’s tough stance on crime and his efforts to improve the country’s economy has been well-received by the majority of El Salvadorians. In his tweet announcing the poll results, Bukele appeared to mock the opposition, stating that if they are only at 6%, he wonders what the actual approval rating is.

Bukele’s high approval rating could indicate a shift in the political landscape of El Salvador, with voters showing support for his policies and leadership. However, as with any poll, there are always questions about the methodology and sample size, and it remains to be seen how Bukele’s popularity will hold up in the long term.

Overall, President Naib Bukele’s approval rating of 91% reflects his success in introducing bold initiatives such as making Bitcoin legal tender and fighting crime, despite criticisms from human rights groups. The poll results could indicate a promising future for the president, but as always, time will tell.

#bitcoin #ElSalvador #Naibbukele #azcoinnews #crypto2023

This article was republished from azcoinnews.com

NEWS FLASH: A bill to eliminate all taxes on incomes, property and capital gains for tech innovation has been officially signed 🇸🇻#ElSalvador President Nayib Bukele.
NEWS FLASH: A bill to eliminate all taxes on incomes, property and capital gains for tech innovation has been officially signed 🇸🇻#ElSalvador President Nayib Bukele.
#ElSalvador is set to launch #bitcoin #LightningNetwork development courses for university students. The program aims to train students in the development of Bitcoin and other cryptocurrency-related technologies. The country adopted Bitcoin as a legal tender in September 2021.
#ElSalvador is set to launch #bitcoin #LightningNetwork development courses for university students. The program aims to train students in the development of Bitcoin and other cryptocurrency-related technologies. The country adopted Bitcoin as a legal tender in September 2021.
🔥Breaking news: El Salvador's President Nayib Bukele announces plans to propose a bill to eliminate tech taxes, further demonstrating the country's commitment to promoting innovation and economic growth. #ElSalvador #TechTax #Innovation
🔥Breaking news: El Salvador's President Nayib Bukele announces plans to propose a bill to eliminate tech taxes, further demonstrating the country's commitment to promoting innovation and economic growth. #ElSalvador #TechTax #Innovation
NEWS FLASH: President Nayib Bukele "🇸🇻#ElSalvador gets tourism, investments, and rebranding from making #Bitcoin legal tender."
NEWS FLASH: President Nayib Bukele "🇸🇻#ElSalvador gets tourism, investments, and rebranding from making #Bitcoin legal tender."
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