El Salvador CNAD Chairman: New Investment Banking Act allows licensed investment banks to conduct crypto assets business

According to Foresight News, according to Cointelegraph, Juan Carlos Reyes, chairman of the El Salvador Digital Assets Commission (CNAD), said, "The new Investment Banking Act allows private investment banks to provide services to ‘mature investors’ in fiat currencies and foreign currencies, and engage in digital assets such as Bitcoin through a digital asset service provider (PSAD) license. After obtaining a PSAD license, banks can choose to completely transform into Bitcoin banks."

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