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    1. coinfeeds-bot on

      tldr; El Salvador has introduced a PSAD license allowing investment banks to operate entirely in Bitcoin and other digital assets for sophisticated investors. This move aligns with the country’s pro-Bitcoin policy, aiming to attract foreign capital and establish itself as a crypto-friendly financial hub. The government holds 6,262 BTC, valued at over $730M, and has formed international alliances with countries like Bolivia and Pakistan to promote crypto adoption. However, the policy faces scrutiny from institutions like the IMF over risks such as volatility and money laundering.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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