
El Salvador to Launch World’s First Bitcoin Bank
El Salvador is launching the world’s first Bitcoin-only bank, aimed at institutional investors and high-net-worth individuals. The country has enacted the Investment Banking Law, allowing banks to hold Bitcoin and provide related services to accredited investors. This Bitcoin bank will offer services like Bitcoin-secured loans, asset management, and digital wealth advisory services to institutional clients. El Salvador is set to open the first Bitcoin-only bank in the world, which could surpass all the expectancies of the country in its struggle to evolve the nation and adapt its financial system to the cryptocurrency. The country that made international news in 2021…






