El Salvador Announces Launch of National Bitcoin Office (ONBTC)

El Salvador Announces Launch of National Bitcoin Office (ONBTC)

The new organization will be able to collaborate with counterparts in other nations.
The agency will have complete autonomy to steer and advise local bitcoin projects.
The government of El Salvador has upped the ante on its crypto endeavors by establishing a National Bitcoin Office (ONBTC) to monitor and direct all national Bitcoin-related activities.
The new organization will be able to collaborate with counterparts in other nations on BTC-related topics. While the cryptocurrency market has been in a lengthy bear market, El Salvador’s government still seems intent on pushing on with its bitcoin policy.
Agency With Complete Autonomy
An official LinkedIn post announces the establishment of a “specialized administrative unit, with functional and technical autonomy within the Presidency of the Republic.” The agency will have complete autonomy to steer and advise local bitcoin projects, as well as collaborate with foreign bodies on endeavors using the most popular digital currency.
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