El Salvador launches Bitcoin training for 80,000 public servants

4 weeks ago

El Salvador’s National Bitcoin Office (ONBTC) has launched a Bitcoin grooming and certification programme for 80,000 nationalist servants.

In an Aug. 20 statement, ONBTC confirmed that Bitcoin acquisition is present a captious constituent of a governance inaugural designed for nationalist assemblage employees. This programme is portion of the Higher School of Innovation successful Public Administration (ESIAP), established by President Nayib Bukele successful 2021 to elevate governance standards.

The programme features 9 grooming modules covering Bitcoin, Blockchain, Cybersecurity, and Artificial Intelligence, among others. Upon completion, participants volition person certification successful these areas.

Stacy Herbert, Director of the Bitcoin Office, hinted astatine a larger announcement connected the horizon, noting that this programme is conscionable the beginning. She added:

“These acquisition projects are precise debased clip penchant commitments to the agelong word occurrence of El Salvador and its bitcoin (& tech) policy.”

Meanwhile, these trainings are portion of El Salvador’s broader effort to beforehand Bitcoin acquisition nationwide. Since adopting Bitcoin arsenic a ineligible tender successful 2021, the state has introduced 3 different crypto-focused acquisition initiatives, including Cuboplus, My First Bitcoin, and Node Nation, which are present portion of the nationalist schoolhouse curriculum.

El Salvador Bitcoin

This determination confirms that El Salvador remains steadfast successful its Bitcoin strategy contempt initially drawing criticism and uncertainty from planetary observers.

Indeed, the strategy appears to beryllium yet paying off, arsenic the International Monetary Fund (IMF) precocious acknowledged that its anticipated risks of El Salvador adopting Bitcoin arsenic a ineligible tender person not materialized.

Further, El Salvador’s Bitcoin holdings person yielded a nett of implicit 35%, mostly owed to strategical acquisitions made during marketplace downturns. According to Nayibtracker data, the state presently holds 5,848 Bitcoin astatine an unrealized nett of much than $47 million.

In addition, President Bukele precocious announced a $1.6 cardinal concern by Turkish steadfast Yilport Holdings to upgrade 2 ports successful the country, 1 of which volition big the projected Bitcoin City. The city, envisioned during the 2021 Bitcoin adoption, is expected to beryllium a taxation haven powered by geothermal vigor for Bitcoin mining and volition pull crypto enthusiasts worldwide.

The station El Salvador launches Bitcoin grooming for 80,000 nationalist servants appeared archetypal connected CryptoSlate.

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