El Salvador Establishes National Bitcoin Office to Manage 'All Projects Related to the Cryptocurrency' – Bitcoin News

El Salvador Establishes National Bitcoin Office to Manage 'All Projects Related to the Cryptocurrency'

After the Salvadoran president Nayib Bukele revealed the country would buy a single bitcoin every day, a report published by Torres Legal details that the government of El Salvador has created a National Bitcoin Office . The report says the entity was created via Decree No. 49, which was signed by Bukele and El Salvador’s tourism and economy ministers.

Salvadoran National Bitcoin Office Established With ‘Functional and Technical Autonomy Within the Presidency of the Republic’published by Torres Legal explains that El Salvador’s government has created a National Bitcoin Office . The new office is meant to manage “all projects related to the cryptocurrency” and it was established in Decree No. 49 by the Salvadoran president Nayib Bukele. Decree No. 49 published in El Salvador’s Official Gazette is summarized in Article two, Torres explains.

“Article [two] defines the objective of the ONBTC which will be to design, diagnose, plan, program, coordinate, follow up, measure, analyze and evaluate plans, programs, and projects related to Bitcoin for the economic development of the country,” the post published by Torres notes. “It will also be able to collaborate with other countries when required, in matters related to [Bitcoin].”

They changed their national currency to BTC. It's about time they created a minister or agency to manage or keep up with blockchain!

So it means El Salvador is also going to announce that Bitcoin is a legal use in there, a good sign fro cryptoworld

After all, the president must be young.

'I'm here for the Ministry of Bitcoin Office; Twitter Division Shitposting Attache job.' I have memes.

Thats nice!!

Nice! They should probably do lending services too.

BNB

Thats nice

FACT

Thats nice!!

right man but just focus bitcoin is wrong way. use stable coin to make stable economy

Thats nice!

Thats nice

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