El Salvador and Argentina are United Around Bitcoin!

El Salvador continues its Bitcoin revolution with an ambitious certification program for its officials, while Argentina is closely observing this pioneering experience. This unprecedented collaboration could redefine the economic future of Latin America.

El Salvador trains its officials in Bitcoin

In an unprecedented move, El Salvador is launching a vast Bitcoin certification program for 80,000 officials. This initiative, led by the National Bitcoin Office (ONBTC), aims to fully integrate crypto into the machinery of the state.

The curriculum, named “Certification in Public Administration 1”, offers 160 hours of intensive training. Divided into seven modules, it covers a wide range of topics, from the legal framework of Bitcoin to its impact on public policies.

The Higher School of Innovation in Public Administration (ESIAP), created by President Nayib Bukele, is responsible for delivering this extensive training.

Stacy Herbert, director of the ONBTC, highlights the strategic importance of this initiative: “These educational projects are short-term commitments for the long-term success of El Salvador and its Bitcoin policy“.

The goal is clear: to create a highly skilled workforce capable of propelling the country to the rank of a world leader in crypto adoption.

Argentina draws inspiration from the Salvadoran model

The success of El Salvador in integrating Bitcoin has generated significant interest beyond its borders, particularly in Argentina. Faced with major economic challenges, the South American nation is looking to learn from the Salvadoran experience.

In May 2024, Argentina’s National Securities Commission (CNV) began discussions with its Salvadoran counterpart, the National Commission for Digital Assets (CNAD). The objective is to explore possibilities for collaboration in crypto regulation and adoption.

Roberto Silva, President of the Argentine CNV, emphasized the importance of this cooperation during a bilateral meeting. He mentioned the possibility of collaboration agreements to benefit from Salvadoran expertise in Bitcoin adoption. This move thus reflects the growing interest in the potential role of cryptos in stabilizing economies facing hyperinflation.

In summary, the initiative of El Salvador and the interest of Argentina mark a turning point in the crypto adoption in Latin America. This collaboration could thus pave the way for a new economic era, where Bitcoin would play a central role in the modernization of institutions and financial stability in the region.