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El Salvador Enacts Law to Establish Regulated Bitcoin Investment Banks

The framework lets banks with at least $50 million in capital hold Bitcoin for accredited investors under central bank supervision

bitcoin
El Salvador banks can now hold Bitcoin
Photo: Avishek Das/
el salvador

Overview

  • The Investment Banking Law creates a new category of institutions authorized to hold Bitcoin and offer digital asset services.
  • Banks must maintain a minimum share capital of $50 million and operate separately from commercial banks.
  • Services are restricted to sophisticated investors with at least $250,000 in liquid assets.
  • Licensed banks can apply for a Digital Asset Service Provider (PSAD) license to operate fully in BTC and USD.
  • Regulatory rules and licensing processes will be issued by the Central Reserve Bank and the Superintendency of the Financial System to guide implementation under IMF constraints.