Global #El Salvador

El Salvador's commitment to Bitcoin adoption is set to advance with the National Bitcoin Office (ONBTC) launching an extensive training program for government employees.

El Salvador remains committed to Bitcoin, continuing its daily acquisitions even as the cryptocurrency market experiences a downturn. This strategy, announced in March 2024, aims to buy one Bitcoin every day "until it becomes unaffordable."

El Salvador's ambitious project to build the world's first Bitcoin City has encountered significant hurdles, including funding delays and a lack of progress on construction. However, the project's first self-proclaimed 'citizen,' Corbin Keegan, remains steadfast in his belief in the city's potential.

Nayib Bukele, the President of El Salvador, began his second term with a pledge to tackle the nation's economic challenges with the same determination he displayed in combating gang violence during his first term. Despite controversy surrounding his re-election, Bukele, who won with over 80% of the vote, aims to heal the country's economic "ailments".

Argentine officials have downplayed rumors of the country fully embracing Bitcoin following routine talks with El Salvador on digital asset regulations. The recent discussions sparked speculation after the election of a pro-Bitcoin president, Javier Milei, in late 2023, but experts caution against overstating Argentina's commitment to cryptocurrency.

The National Securities Commission of Argentina (CNV) has confirmed discussions with El Salvadoran regulators about Bitcoin (BTC) adoption.