El Salvador relaxes policies, allowing investment banks to hold Bitcoin and provide encryption services.

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[Golden Finance] According to reports, Juan Carlos Reyes, the chairman of the El Salvador Digital Asset Commission (CNAD, the government's cryptocurrency regulatory body) (Juan Carlos Reyes), stated that investment banks will now be allowed to hold BTC and other digital assets on their balance sheets and provide cryptocurrency services to "mature" investors (equivalent to accredited investors in the US). He added that the new "Investment Banking Law" allows private investment banks to provide fiat and foreign currency trading services to "mature investors" and permits them to hold digital asset service provider (PSAD) licenses to engage in digital asset businesses such as Bitcoin. Banks holding a PSAD license can choose to operate entirely as Bitcoin banks.

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GamefiHarvestervip
· 17h ago
The Sa country is getting hard now.
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LiquidityHuntervip
· 17h ago
El Salvador's liquidity depth has risen by 11.83%. Is this a bottom signal?
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ApeWithNoFearvip
· 17h ago
The bull is about to break free.
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CounterIndicatorvip
· 17h ago
Move the benches to the front to watch the show.
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