According to a report from Torres Legal, the government of El Salvador has established a National Bitcoin Office following the announcement by the country`s president, Nayib Bukele, that it will purchase one bitcoin each day (ONBTC). Established with “Functional and Technical Autonomy Within the Presidency of the Republic,” the Salvadoran National Bitcoin Office The National Bitcoin Office has been established by El Salvador’s government, according to a post on Linkedin by Torres Legal from November 25. The new office was founded by Decree No. 49 signed by the president of El Salvador, Nayib Bukele, and is intended to oversee “all programs relating to the cryptocurrency.
” According to Torres, Article 2 summarizes Decree No. 49, which was published in the Official Gazette of El Salvador. Following Bukele’s declaration that his nation would buy one bitcoin every day, ONBTC was established. to be involved in establishing the President Bukele’s Bitcoin Office,” Herbert tweeted on November 25.
The National Bitcoin Office will shortly release its first report, according to a tweet from ONBTC. The National Bitcoin Office reports on Maria Luisa Hayem Brevé, the country’s minister of the economy, as she presents a bill for the issuance of digital assets to the Salvadoran assembly of government officials.