El Salvador Launches a National Bitcoin Office ONBTC

The “specialized administrative unit” ONBTC will coordinate and consult all bitcoin projects in El Salvador. El Salvador’s government doubled down on its crypto initiatives by creating a National Bitcoin Office (ONBTC) that will oversee all local projects related to the asset. Despite the prolonged bear market, El Salvador’s authorities seem determined to advance their bitcoin strategy. According to a recent LinkedIn post, the government created a National Bitcoin Office that will function as a “specialized administrative unit, with functional and technical autonomy within the Presidency of the Republic.”. The entity will analyze all individuals who wish to meet the BTC-loving President Nayib Bukele to discuss the nation’s.