El Salvador Don Launch Licensed Bitcoin Banks for Investors
El Salvador new Investment Banking Law don allow PSAD-licensed crypto providers to run as Bitcoin banks wey go serve accredited investors. These Bitcoin banks suppose get at least $50 million capital, and clients need get $250,000 for liquid assets. Dem fit underwrite firms, issue bonds, offer loans, and transact for local and foreign currencies, including digital assets. The law aim na to attract institutional capital and make El Salvador solid as crypto finance hub. Critics dey warn say benefits fit favor the state and big corporations. Traders suppose dey watch how Bitcoin banking services rollout and wetin fit happen to BTC demand.
Bullish
By enabling regulated Bitcoin banks weh get high capital and client thresholds, El Salvador law dey create new institutional on-ramps for BTC. For short term, traders fit see increased market interest as big big investors dey find banking services weh relate to Bitcoin. For long term, stable regulatory framework and the growth of crypto finance hub fit drive sustained demand for BTC, improve liquidity and price support. Even though the benefits fit go to big players, broader institutional adoption dey usually bullish for Bitcoin market outlook.