Bitcoin: Salvador wants to attract institutional investors with a new law

Salvador, reception ground institutions? Since Bukel’s President did Bitcoin and currency with legal lessons In his country, Salvador has become a crypto-friendly country par excellence. And there is no week without learning the new measures in this direction. Today it is a law on investment banks that interest us, because it can attract institutional investors in Salvador. Explanation.

Law to attract institutional investors in Salvador

PUSH Investment Bank Act has been adopted by the Salvador’s legislative assembly and its aim is to promote the arrival of what is called “Sophisticated by investors”This means institutional or individuals with significant capital.

According to the Ministry of Economics, these new investment banks will be able to offer Financial products Like vouchers or associations of public and private sector, which will allow a higher return to a conventional loan.

These new financial entities will differ from commercial banks and must be able to offer financial services to investors at least with $ 250,000 Available resources. In addition, they must have a minimum registered capital $ 50 million.

Salvador wants to become a regional financial center

MP Dania González said that this law would allow you to finance infrastructure, energy, technology or even innovation projects and that Salvador and Regional financial center ::

“We transform Salvador into a specialized financial center and create an international reputation, institutional trust and competitiveness.” »»

Dania González, Salvadorian MP – Source: Elsalvador.com

But what we are interested in is that these investment banks can also offer Digital Asset Financial Services as bitcoins or other cryptocurrencies. This should be seduced by institutions around the world that are looking for a place to invest their capital in crypto.

This law is part of a line of policy led by President Bukele for several years, which is that Salvador becomes a country that has welcomed for investors, and especially for those who want to bet on bitcoins.