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El Salvador plans to launch Bitcoin banks by late 2025, boosting digital finance with innovative crypto services and regulatory support. El Salvador has taken another bold step in its journey toward becoming a digital finance leader. On the fourth anniversary of its historic Bitcoin Law, officials revealed that Bitcoin banks will start operating this time by the end of 2025. This announcement follows the approval of the Investment Banking Law in August and is part of a larger effort to transform the national financial system. Bitcoin Banks Regulated by Commission of Digital Assets, Not Traditional Authorities To start with, the news was brought by Stacy Herbert, who is head of the National Bitcoin Office (ONBTC). She made the announcement when she opened the new Bitcoin Zone in the National Library. Due to this, Herbert explained that Bitcoin banks are predicted to start operating later this year. She stated that a lot of citizens have voiced their frustration with the banking system in place. According to her, the new banking model is meant to address those age-old issues. Related Reading: The Real Story Behind El Salvador’s 21 BTC Bitcoin Day Buy | Live Bitcoin News The recently passed Investment Banking Law forms a unique structure for Bitcoin banks. These institutions will not be operating under the traditional financial regulator, the Superintendency of the Financial System. Instead, they will be monitored by the Commission of Digital Assets (CNAD). This new category provides more flexibility and innovation in financial services where the focus is on digital assets. Unlike traditional banks, Bitcoin banks will serve clients who have high net worth, as well as crypto businesses. Each bank should have a minimum capital of $50 million. Clients have to demonstrate that they have at least 250,000 in liquid assets, such as cash, Bitcoin, or…

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Filed under: News - @ September 15, 2025 6:28 am