Bitcoin, crypto firms move to El Salvador, but success rides on banking access

El Salvador aspires to be a crypto hub but requires better banking relations with U.S. Institutions. Although local laws favor crypto, companies still encounter barriers to traditional banking access, undermining their operations.

With Donald Trump potentially returning to power, hopes rise for clearer U.S. Crypto regulations. This could ease banking restrictions, crucial for the growth of El Salvador’s Bitcoin Law and improving the country’s financial ecosystem.

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