FameEX Hot Topics | El Salvador Introduces Bitcoin Certifications for Civil Servants

El Salvador's National Bitcoin Office (ONBTC) is set to educate 80,000 government employees on Bitcoin through a detailed 160-hour virtual training called "Certification in Public Administration 1." This certification is divided into seven modules that cover a wide range of topics concerning Bitcoin as legal tender, designed to enhance the participants' understanding of cryptocurrency management and regulation.

Stacy Herbert, the director of ONBTC, highlighted the significant impact she anticipates this training will have on El Salvador's Bitcoin-centric economic strategy. According to Herbert, these educational endeavors are long-term investments in the country’s technological and financial policy development. The training initiative is being implemented by the Higher School of Innovation in Public Administration (ESIAP), established by President Nayib Bukele in August 2021.

ONBTC, which is also referred to as “The Bitcoin Office,” aims through its curriculum to elevate the standards of governance and public administration within El Salvador. The success witnessed by El Salvador in integrating Bitcoin into its financial system has drawn interest from countries with similar economic challenges, including those facing hyperinflation.

This initiative has already started fostering international collaborations. In May, Argentina expressed interest in learning from El Salvador’s approach to cryptocurrency. Meetings between Argentina’s National Securities Commission (CNV) and El Salvador’s National Commission of Digital Assets (CNAD) focused on discussing and potentially harmonizing crypto regulations between the two countries. During these discussions, CNV President Silva expressed an intention to solidify ties with El Salvador, possibly leading to formal collaborative agreements.

Furthermore, following the introduction of registration requirements for cryptocurrency firms in April, Argentina has been progressively exploring the cryptocurrency space, especially under the administration of Javier Milei, a pro-Bitcoin figure, who assumed presidency in late 2023. This marks a significant step in regional crypto collaboration and regulatory alignment.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.