The Salvadoran government has proposed a bill to allow private investment banks to lend Bitcoin services

ChainCatcher news, the Salvadoran government has proposed an initiative to reform the current banking law, introducing a new type of bank that can lend Bitcoin and provide crypto services. This initiative will allow private investors to form banks that offer Bitcoin and stablecoin services to mature investors.

If approved, the plan will allow the creation of these banks, which can provide various services, including economic risk management, purchasing financial products, investment management, hedging, and other financial derivatives. These services will support any legal tender in El Salvador, such as the US dollar and Bitcoin.