El Salvador courts crypto’s deepest pockets with new banking law – DL News
- The new law limits access to investors with $250,000 and financial expertise.
- IMF says El Salvador has stopped public Bitcoin buys under a loan deal.
Three years after legalising Bitcoin as legal tender as a means to fold retail users into the crypto ecosystem, El Salvador is creating a separate lane for high-net-worth and institutional investors.
The Legislative Assembly’s newly approved Investment Banking Law allows licensed institutions with at least $50 million in capital to offer Bitcoin and other digital asset services.
But not everyone will get through the door.
Access will be restricted exclusively to so-called “sophisticated investors” — those with at least $250,000 in freely available funds and accredited financial…
