Who is responsible for El Salvador's Bitcoin purchase plans?

3 answers

• Nov 23, 2021 · 3 years ago
  The responsibility for El Salvador's Bitcoin purchase plans lies with the government of El Salvador, specifically with President Nayib Bukele. President Bukele has been a vocal advocate for Bitcoin and played a key role in passing the Bitcoin Law, which made Bitcoin legal tender in the country. As the head of the government, he is ultimately responsible for the decision to purchase Bitcoin.
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• Nov 23, 2021 · 3 years ago
  The decision to purchase Bitcoin in El Salvador was made by the government, with President Nayib Bukele leading the way. This move is part of the government's broader strategy to promote financial inclusion and attract investment to the country. By adopting Bitcoin as legal tender, El Salvador aims to leverage the benefits of blockchain technology and position itself as a hub for cryptocurrency innovation.
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• Nov 23, 2021 · 3 years ago
  While I cannot speak for other organizations, at BYDFi, we are not directly involved in El Salvador's Bitcoin purchase plans. Our focus is on providing a secure and user-friendly platform for trading cryptocurrencies. However, we believe that El Salvador's decision to embrace Bitcoin is a significant development for the cryptocurrency industry and has the potential to pave the way for other countries to follow suit.
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