El Salvador Investment Banks Law Allow Bitcoin Trading
El Salvador Legislative Assembly don pass Investment Banks Law on August 7. Dis law allow companies we get at least $50 million capital to register as investment banks and serve 'sophisticated investors' for digital assets like Bitcoin, tokenized gold, and treasury bonds. Under dis new law, qualified investment banks go hold $250,000 for liquid assets and fit open accounts, accept deposits, and process payments in both fiat and crypto. Central Reserve Bank and Superintendency of the Financial System dey oversee dis. Dem go set rules for capital, liquidity, and risk management and supervise operations directly. This clear regulation aim to attract international private capital, deepen digital asset market, and expand financing options. After low public adoption of Bitcoin since e become legal tender for 2021 and IMF restrictions on government crypto purchases, President Bukele now dey target wealthy investors and institutions. For crypto traders, Investment Banks Law provide clear framework for institutional Bitcoin investment. This change fit bring new capital flow to Bitcoin and other digital assets short and long term.
Bullish
Di Investment Banks Law give institutional investors clear legal basis to hold Bitcoin. Dis better crypto regulation dey bullish for Bitcoin, as e go fit increase demand from professional investors. Short term, traders fit see more volume as new investment banks start to offer crypto services. Long term, di law fit deepen market liquidity and stability by attracting steady capital inflows. Historical cases show say regulatory clarity dey usually support positive price trends for Bitcoin.