ElSalvador to establish “Bitcoin Embassy” in Texas
In September 2021, El Salvador legalized Bitcoin as legal tender and became a global force for the world’s largest cryptocurrency, in contrast to regulatory crackdowns on cryptocurrency in other countries.
Mayorga referred to Texas as a “new ally,” and she stated that she had met with Deputy Secretary of the Government of Texas, Joe Esparza, to discuss opening a Bitcoin embassy and expanding commercial and exchange projects. Other than educating the public on the world’s largest, it is unclear as of now what the embassy will do.a “Bitcoin office” in Lugano, Switzerland.
However, El Salvador’s development bank, BANDESAL, refused to provide information on the government’s Bitcoin purchases.: “The confidentiality limits the possibility for citizens to access and receive information on the operations carried out with public funds by BANDESAL.”Subscribe to get it daily in your inbox.
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