El Salvador is creating a lane for high-net-worth investors, allowing licensed institutions with $50 million in capital to offer Bitcoin and digital asset services, restricted to “sophisticated investors” with at least $250,000 in funds. The goal is to attract international capital and position as a financial hub.

President Bukele consolidates power with extended presidential terms and abolishment of term limits. This move could allow him to stay in office for decades. Despite pausing public Bitcoin purchases under an IMF deal, El Salvador continues to expand its reported Bitcoin holdings, now at 6,264 Bitcoin.

International Monetary Fund confirms El Salvador’s compliance with the no-accumulation of Bitcoin requirement, but blockchain data shows government control of 6,264 Bitcoin, worth $739 million. Analysts suggest recent increases may be coins shuffled between wallets, not fresh purchases since the IMF agreement.

Read more at Yahoo Finance: El Salvador courts crypto’s deepest pockets with new banking law