El Salvador will train 80,000 public officials in the use of bitcoin

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By LatAm Reports Staff Writers

In 2021, El Salvador became the first country in the world and legalized bitcoin as a legal tender currency.

The government of El Salvador announced Wednesday that it will train in the use of bitcoin to80,000 civil servantsas a way of promoting the cryptocurrency, little used in the country although it is legal tender.

“El Salvador will soon begin providing instruction and certification of bitcoin to80,000 public servants”The National Bitcoin Office said on social network X.

This figure is almost equivalent tohalf of the country’s civil servants,According to official data.

At the initiative of President Nayib Bukele,On September 7, 2021 El Salvador became the first country in the world to legally circulate bitcoinin his dollarized economy.

According to the director of that office, Stacy Herbert, the training of state employees will include issues related to cybersecurity, artificial intelligence and anti-corruption mechanisms, finances or labor and administrative law.

Herbert described El Salvador in X as“the home of the new capital markets in Bitcoin”.

Bukele promotes the massification of the use of cryptocurrency in the country and the Ministry of Education, together with two private organizations, trains teachers in public schools on the use of this instrument.

However, only a minority of Salvadorans use it. According to a survey by the Central American University,88 % of Salvadorans did not use cryptocurrency in 2023.

In early August, the International Monetary Fund (IMF), after three years of negotiations with the Bukele government, announced that it reached agreements forstrengtheningSalvadoran finances andmitigating the risks of bitcoin.

The IMF indicated that “although many of theassociated risksThey have not materialized,” there is a “joint recognition of the need to redouble efforts to improve transparency and mitigate the potential fiscal and financial stability risks of the country’s financial stability.”

This article has been translated after first appearing in Diario El Mundo