Salvadoran Government Introduces Bitcoin Banking Law Reform

The Salvadoran government has introduced an initiative to reform the current banking law by introducing a new kind of bank that can lend bitcoin and crypto services

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This initiative will allow the creation of these banks that can offer different services, including economic risk management and purchase of financial products

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These services will support any legal tender in El Salvador, like the U.S. dollar and Bitcoin

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President Javier Milei states bitcoin will compete with other currencies in Argentina.

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Adam Ficsor, the lead developer of Wasabi Wallet, has acknowledged the problems Bitcoin presents when being used as a medium of exchange

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