El Salvador to Launch World’s First Bitcoin Bank

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El Salvador has announced plans to introduce the world’s first Bitcoin banks, aiming to integrate Bitcoin more deeply into its financial system. The initiative builds on President Nayib Bukele’s pro-Bitcoin strategy, seeking to offer banking services fully denominated in Bitcoin. These Bitcoin banks could enhance financial inclusion in a country with many unbanked citizens by providing deposits, loans, and investment options in BTC. Although details and regulations are still pending, this move marks a major step in El Salvador’s ongoing Bitcoin adoption journey and global innovation aspirations.