💵 Financial institutions with capital of $50 million or more in El Salvador can now obtain the status of an investment bank without requiring a commercial banking license. Such organizations will be able to apply for permission to offer clients with liquid assets over $250,000 cryptocurrency financial instruments, including bitcoin $BTC .

Authorities expect that the new law will make the country more attractive to investors, strengthen its position as a regional crypto-financial center, and attract additional capital from investment funds. Earlier, the International Monetary Fund announced its intention to maintain the current volume of bitcoins on the balance sheet of the government of El Salvador and to cease further purchases.

What do you think, how will this affect the current market overall? #Salvador