Bitget’s license authorization: Bitget has been authorized by El Salvador’s central reserve bank to provide Bitcoin services. This license enables offerings like fiat exchanges, payment services, and custody solutions, showcasing the country’s commitment to becoming a crypto innovation hub.
El Salvador’s growing Bitcoin influence: El Salvador’s Bitcoin portfolio is now valued at over 602 million USD, holding 6,189 BTC. The country aims to amend its Bitcoin regulations in response to negotiations for a 1.3 billion USD loan with the IMF.
Strengthening international collaborations: El Salvador is enhancing its international position by signing cooperation agreements with countries like Argentina. These efforts are essential for fostering global cryptocurrency adoption while establishing a comprehensive regulatory framework.