El Salvador Builds Capital Markets on Bitcoin, Passes New Legislation on October 4

Oct 3, 2024, 08:15 PM

El Salvador is making significant strides in integrating Bitcoin into its financial system. On October 3, the National Bitcoin Office announced that the country is building new capital markets based on Bitcoin. This development is underscored by recent legislation passed by the El Salvador Congress on October 4, which adds Bitcoin to the law regulating transfers of digital assets in both public and private offers. The move is seen as a step towards establishing a more sovereign financial system where individuals can self-custody their wealth and property.