 ▲ El Salvador Bitcoin ©Coin Leaders |
El Salvador President Nayib Bukele, the most active Bitcoin supporter among presidents around the world, began his second term on the 1st.
Five years ago, Bukele took office as President of El Salvador, and on September 7, 2021, he designated Bitcoin as one of the fiat currencies.
The pro-Bitcoin policy continues in the second Bukele government.
According to Cointelegraph, El Salvador recently announced that it is pursuing the establishment of a private investment bank that can handle Bitcoin and other assets.
The media said, “The El Salvador government is also discussing ways to apply more relaxed regulations to private investment banks than existing banks. However, the specific operation plan has not yet been disclosed, and there are many remaining procedures,” he explained.
Meanwhile, according to Bitcoin.com, El Salvador's Vice President Felix Ulloa said, “Bitcoin can be a tool to escape dependence on the dollar.”
He said, “El Salvador could abandon the dollar and return to the Colon, El Salvador’s currency, but it would cost too much. “But that’s not the case with Bitcoin,” he emphasized.
According to Nayibtracker data, El Salvador currently holds 5,781 BTC.
