FameEX Hot Topics | El Salvador Launches Bitcoin Certification Program for Civil Servants

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

Stacy Herbert, the director of ONBTC, emphasized the potential impact of this training on El Salvador's Bitcoin-centric economic strategy. According to Herbert, these educational initiatives are long-term investments in the country’s technological and financial policy development. The training program is conducted by the Higher School of Innovation in Public Administration (ESIAP), which was established by President Nayib Bukele in August 2021.

ONBTC, often referred to as "The Bitcoin Office," strives through its curriculum to raise the standard of excellence in governance and public administration within El Salvador. The country's success in integrating Bitcoin into its financial system has drawn interest from other nations facing hyperinflation.

The initiative has spurred international interest, particularly from Argentina, which expressed a desire to learn 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 and explore formal collaborative agreements.

Additionally, following the introduction of registration requirements for cryptocurrency firms in April, Argentina has been progressively exploring the cryptocurrency space, particularly under the administration of Javier Milei, a pro-Bitcoin politician who assumed the 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.