Positive news obviously! Especially when everyone knows how bullish Mr. Bukele is about bitcoin. Possibly El-Salvador is going to create a robust framework around cryptocurrency and related policies which can later be used by other nations as a case study. El-Salvador is going to be the part of the bitcoin history.
I am more interested in knowing about their vision about bitcoin and future projects which will possibly be published in their first report. As they are seriously thinking about bitcoin mining at a large scale, many miners may find this country as their next destination if their home country bans it citing environmental issues. A vision of such things is surely there and we just need to see it in action once EU bans POW mining.
Topic: El Salvador Establishes New National Bitcoin Office - page 2. (Read 301 times)
What do you think about El Salvador’s newly established National Bitcoin Office?
This development is a good one because1) This office have been given a legal backing to function because it is now backed by a law,
2) The office is autonomous, which means that it is free from government influence,
3) The next government after Bukele would have to follow this policy because it is backed by a law ( except the law is amended),
4) This office would give the government the opportunity to use the best brains in the bitcoin space and
5) Coordinating the nations bitcoin investment would be effective and efficient.
The government of El Salvador has established a National Bitcoin Office (ONBTC) in response to the Salvadoran president Nayib Bukele's announcement that the nation will purchase one bitcoin each day.
The new office was founded by Decree No. 49 signed by the president of El Salvador, Nayib Bukele, and is tasked with overseeing "all programs relating to the cryptocurrency."
The ONBTC's main goal will be to design, diagnose, plan, program, coordinate, follow up, measure, analyze, and evaluate plans, programs, and projects related to Bitcoin for the country's economic development. It will also be able to work with other nations on Bitcoin-related issues when necessary.
The National Bitcoin Office will shortly release its first report, according to a tweet from ONBTC. “The topic will be on the subject of [bitcoin mining] in El Salvador.”
What do you think about El Salvador’s newly established National Bitcoin Office?
Source: https://news.bitcoin.com/el-salvador-establishes-national-bitcoin-office-to-manage-all-projects-related-to-the-cryptocurrency/
The new office was founded by Decree No. 49 signed by the president of El Salvador, Nayib Bukele, and is tasked with overseeing "all programs relating to the cryptocurrency."
The ONBTC's main goal will be to design, diagnose, plan, program, coordinate, follow up, measure, analyze, and evaluate plans, programs, and projects related to Bitcoin for the country's economic development. It will also be able to work with other nations on Bitcoin-related issues when necessary.
The National Bitcoin Office will shortly release its first report, according to a tweet from ONBTC. “The topic will be on the subject of [bitcoin mining] in El Salvador.”
What do you think about El Salvador’s newly established National Bitcoin Office?
Source: https://news.bitcoin.com/el-salvador-establishes-national-bitcoin-office-to-manage-all-projects-related-to-the-cryptocurrency/
Jump to: