El Salvador’s New Investment Bank Law: A Strategic Leap El Salvador has taken another significant step towards solidifying its position as a fintech hub in Latin America with the passing of a new Investment Bank Law on August 7. This law, overwhelmingly approved by the National Assembly, establishes a new legal framework for investment banks,…
In a complex, large-scale prisoner swap on Friday, the Trump administration secured the release of 10 US nationals detained in Venezuela. In exchange, approximately 250 Venezuelans, who had been deported from the United States and subsequently imprisoned in El Salvador’s notorious Terrorism Confinement Centre (CECOT) mega-prison, were repatriated to their home country. This operation marks…
El Salvador seems to be continuing with the purchase of cryptocurrency, Bitcoin. The International Monetary Fund (IMF) remarked, indicating the country is abiding by the quartered government agreement, claiming action to suspend Bitcoin purchases was put into place. Approximately 10 Bitcoins have been rumored to be in the possession of the country and industry watchers…
