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El Salvador to Train 80,000 Government Employees on Bitcoin-Related Public Policies

21 August 2024
in News
Reading Time: 3 mins read
107 2
Home News

El Salvador’s National Bitcoin Office (ONBTC) has announced that it will offer training and certifications to 80,000 government employees on how to manage, interpret and implement public policies related to Bitcoin. 

According to a recent press release, the training program is a 160-hour virtual training course, “Certification in Public Administration 1,” divided into seven modules. Each module covers concepts, laws, skills, and management practices related to using Bitcoin as a legal tender.

According to the Bitcoin Office, the curriculum is designed to

“strengthen the standard of excellence in governance and public administration in El Salvador.” 

Stacy Herbert, director of ONBTC, anticipates that training civil servants will have a “compounding effect” on El Salvador’s Bitcoin-driven economy. She noted that there are plans for additional educational initiatives to capitalize on the success of the program and its potential impact.

“These education projects are very low time preference commitments to the long-term success of El Salvador and its Bitcoin (and tech) policy,”

Herbert stated. 

The Bitcoin certification program will be administered by the Higher School of Innovation in Public Administration (ESIAP), which was recently inaugurated by President Nayib Bukele.

The Bitcoin Office also recognized Claudia de Larin, the Executive Director of ESIAP, and Vice President Felix Ulloa for their leadership. They congratulated the team for creating a top-tier curriculum for El Salvador’s public servants, ensuring the training meets the highest international standards.

The El Salvadoran government has been doubling down on its current policy of making Bitcoin legal tender. In May, the country launched a proof-of-reserves platform at bitcoin.gob.sv to enable real-time monitoring of its Bitcoin holdings through on-chain data.

According to the platform, the country has acquired 31 BTC over the past month, worth $1.94 million, including 7 BTC valued at over $438,000 in the past week, aligning with its daily acquisition goals. According to President Bukele, the objective was to foster financial inclusion, streamline remittance payments, and attract financial innovation.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

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Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

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