After the Salvadoran president Nayib Bukele revealed the country would buy a single bitcoin every day, a report published by Torres Legal details that the government of El Salvador has created a National Bitcoin Office (ONBTC). The report says the entity was created via Decree No. 49, which was signed by Bukele and El Salvador’s tourism and economy ministers.
Salvadoran National Bitcoin Office Established With ‘Functional and Technical Autonomy Within the Presidency of the Republic’
On Nov. 25, a Linkedin post published by Torres Legal explains that El Salvador’s government has created a National Bitcoin Office (ONBTC). The new office is meant to manage “all projects related to the cryptocurrency” and it was established in Decree No. 49 by the Salvadoran president Nayib Bukele. Decree No. 49 published in El Salvador’s Official Gazette is summarized in Article two, Torres explains.
“Article [two] defines the objective of the ONBTC which will be to design, diagnose, plan,
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