⚠️El Salvador Government Introduces Bitcoin Banking Law Reform
El Salvador Government Introduces Bill to Allow Private Investment Banks to Offer Bitcoin Services
A new boom in Bitcoin adoption is coming to El Salvador. The Salvadoran government has introduced an initiative to reform the current banking law, introducing a new type of bank that can offer Bitcoin and cryptocurrency services.
On June 13, the banking bill reform was submitted to the National Congress's Science, Technology, Tourism and Investment Committee, and included 14 new articles defining private investment banks (PIBs) as "an internationally important tool for promoting economic development and facilitating the channeling of financial resources to commercial and government projects." #BTC☀ $BTC #3friends
