El Salvador is doubling down on its Bitcoin bet with a new proposal to establish a private investment bank catering to cryptocurrency investors.

Milena Mayorga, El Salvador's Ambassador to the United States, announced the plan on Twitter, stating that the Bank for Private Investment (BPI) would "diversify the financing options offered to potential investors in dollars and Bitcoin."

The move comes just two weeks after President Nayib Bukele, a vocal Bitcoin supporter, was sworn in for his second term. Bukele's senior Bitcoin advisor Max Keiser said the president is "hitting the ground running" with this new legislation.

If approved, the BPI would offer Bitcoin investors access to financial services with fewer restrictions compared to traditional banks. The bank would not face the same stringent laws, such as limitations on engaging with overseas banks or granting large loans.

To establish a BPI, a minimum share capital of $50 million and at least two shareholders, including foreigners, would be required. The bank would be able to operate in any legal tender, including USD and BTC, and could seek approval to become digital asset service providers.

The proposal, directed by Bukele and put forth by Minister of Economy María Luisa Hayem, has not yet been approved by legislators. It will need to go through consultations and a vote in the Technology, Tourism, and Investment Commission.

El Salvador made history in 2021 by becoming the first country to make Bitcoin legal tender. Despite a bumpy ride, Bukele's popularity remains high, largely due to his crackdown on criminal gangs that plagued the nation for decades.

The BPI proposal represents another step in El Salvador's mission to integrate Bitcoin into its financial system and attract crypto investment to boost economic growth.

Written by Nate Minsberg

Edited by Andrew Hayward and Stacy Elliott

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。