LATAM crypto news: El Salvador moves toward first Bitcoin banks as Bitso partners with BVNK

These are the most relevant LATAM crypto news: El Salvador could see its first bitcoin banks operating before the end of 2025 under the newly approved Investment Banking Law while Bitso Business and BVNK announced a strategic partnership to enable faster stablecoin-powered cross-border payments between Europe and Latin ￰0￱ Salvador prepares for its first Bitcoin banks El Salvador’s financial sector is about to undergo a dramatic upheaval with the passage of the Investment Banking Law which will allow the country’s first bitcoin banks to be established by the end of ￰1￱ Herbert

director of the National Bitcoin Office (ONBTC) announced the inauguration of the Bitcoin Zone at the National Library highlighting that this development solves long-standing concerns about the constraints of the existing financial ￰2￱ new framework enables investment banks to function directly with bitcoin focusing on “sophisticated investors” with at least USD 250,000 in liquid assets

like as cash bitcoin tokenised gold or Treasury ￰3￱ institutions will be able to open accounts

accept deposits and issue financial instruments under the supervision of the Financial System Superintendency and the Central Reserve ￰4￱ plan is designed to establish El Salvador as a new worldwide hub for bitcoin-based banking and financial ￰5￱ business and BVNK partner to boost cross-border payments Bitso Business Bitso’s B2B branch and global payments provider BVNK have established a strategic agreement to accelerate cross-border transactions between Europe and Latin America using ￰6￱ to the joint release

the alliance will allow institutions to enter new markets by leveraging stablecoin infrastructure to facilitate faster more efficient and cost-effective international ￰7￱ this agreement BVNK will benefit from Bitso Business’s local payment network in Latin America

while Bitso clients will get access to BVNK’s infrastructure which includes SEPA transfers in Europe virtual accounts and real-time fiat-to-stablecoin ￰8￱ integration intends to streamline treasury processes

accelerate cash flow and reduce the need for several banking counterparties with a particular emphasis on fintechs exporters

and platforms that use international ￰9￱ implements a new tax collection regime on digital wallets The Buenos Aires Revenue Agency (ARBA) has approved a new Gross Income Tax collection system that now includes digital wallets and payment ￰10￱ measure published on September 8 2025 in the Official Gazette as Normative Resolution No. 25/2025

adheres to the SIRCUPA system established by the Multilateral Agreement Commission in 2022 and previously accepted by 17 provinces in ￰11￱ legislation intends to improve efficiency and tax equality by guaranteeing that cash deposited in payment accounts offered by Payment Service Providers (PSPs) is treated similarly to that kept in bank ￰12￱ October 1 2025 the new system will apply to amounts in pesos and foreign currencies placed into PSP accounts on the official collection agents list except US ￰13￱ who have not yet been listed but match the requirements will be added beginning November 1

￰14￱ resolution also defines sector-specific withholding rates including 0.10% for construction 0.50% for passenger and cargo transportation 0.01% for auctioneers and commission brokers

and 0.30% for primary and industrial output while financial and insurance organisations are exempt.