According to Milena Mayorga, the Salvadoran ambassador to the United States, the financial firm “Bank to the Future” has started a process to legally establish in the country, and is currently waiting to obtain permits and licenses. This has been reported by the newspaper El Salvador.
“The company has a presence elsewhere, but they are interested in operating in El Salvador for stability that the country provides. When they have all the licenses, they already have a law firm that is helping them with the registration of their company and hiring of personnel.”, highlighted Mayorga.
Simon Dixon, CEO of the company, visited the country at the beginning of the year along with other personalities and investors such as Max Keiser. On that occasion, Dixon and Keizer mentioned the possibility of create a kind ofwall street” in El Salvadora space similar to New York that concentrates banks and stock market institutions, with the difference that would be based on bitcoin.
According to the ambassador, the installation of Bank to the Future would imply bringing to the country’s market a capital of more than USD 6,000 million in bitcoin. The financial firm could establish in El Salvador the hub of its operations for Latin America by the end of the year.
“When all these steps are taken, it is expected that by the end of the year they can already be operating and bring in that capital. In addition, the fact that a bank like this comes to the country opens the opportunity for investors who work through bitcoin to carry out activities in the country.”, concluded the diplomat in the article of the aforementioned newspaper.
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