Bitcoin Certification
As El Salvador continues to push forward and establish itself as a world leader in Bitcoin adoption, they have now launched an educational certification program for their government employees. Led by the National Bitcoin Office (ONBTC), it wants to train and certify 80,000 public management officials in Bitcoin and its surroundings of regulation.
This bold step is consistent with El Salvador‘s long standing dedication to adopting Bitcoin into its economy and governance on a national scale, thereby extending further the leading status of this tiny country in the global cryptocurrency community.
The Bitcoin Certification Training in El Salvador
Labeled “Certification in Public Administration 1,” the demanding class will represent a burdensome 160 hours that include studying Bitcoin and its legal aspects, corporate strategy, and public policy regarding cryptocurrencies as a recognized form of payment. The program is run virtually and asynchronously by the Higher School of Innovation in Public Administration (ESIAP), inaugurated last August by President Nayib Bukele, which provides participants with flexibility.
There are seven modules in the curriculum, and each one was zeroed down to significant points of Bitcoin embeddedness for a good public administration. According to ONBTC director Stacy Herbert, this initiative is expected to be “compounded” into El Salvador’s economy. Not priorities as time preference; rather signals that El Salvador intends for long-term success in its Bitcoin policies and broader economic strategy.
Argentina Is Considering Mimicking El Salvador’s Bitcoin Strategy
El Salvador has not been forgotten in its Bitcoin triumph. Inflation-ridden and economically turbulent Argentina is looking to El Salvador as it evaluates the feasibility of adopting Bitcoin. Its similar move in the same month, albeit less known to all and sundry, was a proposal by Argentina’s National Securities Commission (CNV) to initiate discussions with El Salvador’s regulator for digital assets (it calls itself the National Commission of Digital Assets, CNAD). This is an exploratory meeting to see where mutual collaboration could occur, primarily focused on regulation and the adoption of cryptocurrencies.
For example, the organization’s current president, Roberto Silva, noted that spreading and expanding El Salvador’s approach across Argentina’s economy was one of CNV’s priorities. While Argentina has already taken some measures to adopt Bitcoin and crypto in general, such as registration requirements to operate and accreditation schemes, a broader adoption is being considered.
Ramifications and Future Horizons
Like we said, the Bitcoin certification program is about much more than just teaching; El Salvador wants to become a prime example of how deeply you can embed crypto within an economy. In training 80,000 civil servants in the use of Bitcoin as a medium of exchange, government agencies are looking to ensure that the administration is aware and well trained on how they will be able to improve policies using this technology and further distinguish itself from other nations by being at the forefront of cryptocurrency.
In addition to “helping companies and organizations”, as Herbert’s indication suggests, this program is likely to have a ‘compounding effect’ across the economy for our nation because Bitcoin knowledge would help to create an educated workforce that can use Bitcoin itself in creating innovative solutions that drive greater economic growth. In addition, El Salvador aims to become a key reference for other economies that are struggling financially and need Bitcoin to help them localize assets from their failing economies.
For Argentina to pay attention to El Salvador’s initiative, it must be something international. With more countries being unable to stabilize their economies, Bitcoin and cryptocurrencies like DOGE may be valuable financial stabilizing tools in the days ahead.
