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El Salvador will establish a Bitcoin investment bank to promote encryption financial services.
[Coin World] According to reports, El Salvador's President Nayib Bukele announced that the country plans to establish a Bitcoin investment bank aimed at providing global investors with Crypto Assets related Financial Services. The bank will utilize geothermal energy from volcanoes to mine Bitcoin and support local Bitcoin bond issuance. This move is another significant step by El Salvador following the legalization of Bitcoin.