qerranews President Nayib Bukele of El Salvador has put forward a proposal to establish private investment banks aimed at empowering Bitcoin investors by circumventing the limitations imposed by traditional banks. This initiative, elaborated by Ambassador Milena Mayorga, intends to provide a comprehensive array of financial services denominated in both dollars and Bitcoin. The proposed Bank for Private Investment (BPI) is anticipated to operate with fewer regulatory constraints, facilitating increased participation in international finance. This strategic move aligns with Bukele’s recent re-election and anticipations of substantial GDP growth for El Salvador. The proposal, contingent upon legislative approval, mandates a minimum of $50 million in share capital and seeks to attract investment from both domestic and foreign stakeholders.