President of El Salvador Nayib Bukele decided to buy After the reveal, a report published by Torres Legal details that the government of El Salvador has created the National Bitcoin Office (ONBTC). The group was created by Decree No. 49 signed by the Ministers of Tourism and Economy of Bukele and El Salvador, the report said.
The National Bitcoin Office of El Salvador was established, “functional and technical autonomy within the Office of the President of the Republic”
Linkedin published by Torres on 25 November } Post Legal explains that the government of El Salvador created the National Bitcoin Office (ONBTC). The new office aims to manage “all projects related to cryptocurrencies” and was established by Decree No. 49 by the President of El Salvador Naib Bukele. Decree No. 49, published in the Official Gazette of El Salvador, is summarized in Article 2, Torres explains.
“Section  defines ONBTC’s purpose of designing, diagnosing, planning, programming, coordinating, following up, measuring, analyzing and evaluating plans, programs and projects related to Bitcoin. economic development of the country,” said a post published by Torres. “We can also work with other countries on issues related to [Bitcoin] if necessary.” This follows his Bukele description. At the time, El Salvador’s bitcoin stash was around 2,381 BTC, and it’s been 9 days since Bukele’s announcement. This means that the country has also acquired his 9 bitcoins. According to Torres, Bukele will be responsible for appointing his ONBTC director and Bitcoin supporter, RT personality, and will involve Max Kaiser’s wifeStacey Herbert.
“President Bukele’s Bitcoin He is honored to have been involved in the establishment of his office,” Herbert tweeted on November 25. Additionally, ONBTC has his Twitter account at @bitcoinofficesv. And on the same day, the office said a report would be issued soon. “The [National Bitcoin Office] will soon publish its first report,” ONBTC tweeted. “The topic will be on [Bitcoin mining] in El Salvador.” }
The National Bitcoin Office’s news also follows the country’s Minister of Economy, Maria Luisa Hayem Brevé, introducing theDigital Asset Issuance Bill to the El Salvadorian parliament of senior government officials. Report shows that the Digital Assets Bill could help strengthen the controversial bitcoin bond issuance plan.
El Salvador’s bitcoin bond idea has been delayed, and some reports say it may have been issued by state-owned geothermal company Radio. According to his ONBTC news reported by Torres, the office will control all individuals seeking a meeting with Bukele on Bitcoin and blockchain matters.
“The new agency will function as a specialized administrative unit with functional and technical autonomy within the Office of the President of the Republic,” elaborated Torres.
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