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

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

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

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

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