Latam Insights: Salvadoran Government Introduces Bitcoin Banking Bill, Bitcoin to Compete With Other Currencies in Argentina. Salvadoran Government Introduces Bitcoin Banking Law ReformThe Salvadoran government has introduced an initiative to reform the current banking law by introducing a new kind of bank that can lend bitcoin and crypto services. The banking bill reform was presented to the Technology, Tourism, and Investment Commission of the National Assembly on June 13 including 14 new articles that define Private Investment Banks (PIB) as “an essential instrument at the international level that promotes economic development and facilitates the channeling of financial resources towards business and government projects.”
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 In Argentina, Bitcoin is expected to compete with other currencies. The Central Bank of Argentina is reportedly pushing for the introduction of a digital currency as soon as possible. Additionally, Bitfinex, a cryptocurrency exchange, has made peer-to-peer transactions free in Argentina, Colombia, and Venezuela. These developments indicate a growing interest in cryptocurrencies in the region