El Salvador's Legislative Assembly has passed a pioneering law allowing large financial institutions to obtain licenses to offer services related to Bitcoin and digital assets to high-net-worth investors.
Under the new legislation, financial institutions with a minimum capital of $50 million are eligible for investment bank status, which is distinct from that of traditional commercial banks.
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These institutions can apply for specialized licenses to offer crypto-related financial products, targeting investors with liquid assets exceeding $250,000, including Bitcoin.
While El Salvador's current regulatory framework already allows companies to register as Bitcoin service providers, digital asset issuers, or digital asset service providers, the new law integrates these licenses into the banking sector.