El Salvador’s Secret Weapon? Its Extensive Bitcoin Education Program, Says Stacy Herbert
A positive feedback loop is being created between El Salvador’s bitcoin education programs and crypto companies looking for a friendly jurisdiction.
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A positive feedback loop is being created between El Salvador’s bitcoin education programs and crypto companies looking for a friendly jurisdiction.
Salvadoran merchants reportedly will no longer be compelled to accept bitcoin as a means of payment anymore.
The National Commission of Digital Assets is the agency in charge of regulating crypto in El Salvador, the first nation to accept Bitcoin as legal tender.
At the current price just above $70,000, the nation now holds about $400 million worth of bitcoin.
The country is setting a precedent for others to follow, Moonwalker Capital Tatiana Koffman writes.
The Central American nation moved $400 million in BTC into a cold storage wallet this week.
The country in 2021 became the first nation to adopt bitcoin as legal tender.
El Salvador is sitting on a $12.6 million unrealized profit on its bitcoin investment after being in the red for two years.