Students successful El Salvador are present getting enlightened astir the workings of bitcoin (BTC), including however to person BTC via the Lightning Network. President Nayib Bukele’s authorities remains bullish connected bitcoin contempt unfavorable marketplace conditions.
El Salvador is not giving up connected bitcoin (BTC)
Despite archetypal pushback from regulators specified arsenic the International Monetary Fund (IMF), and the U.S., coupled with the devastating crypto winter, it appears the president Nayib Bukele-led Salvadoran is not giving up connected bitcoin (BTC) conscionable yet.
As portion of its ongoing bitcoin adoption push, El Salvadoran schools person present integrated crypto acquisition into their curriculum, educating students connected the workings of bitcoin (BTC), the Lightning network, treble spending attacks, and more.
Due to the illness of the FTX speech and different unfortunate events this year, the bitcoin terms has slumped by implicit 70 percent from its $70k all-time precocious people reached past year.
Though Bukele and his squad person made it wide that El Salvador has zero exposure to the disgraced Sam Bankman-Fried’s FTX, the worth of the country’s BTC holding is presently down by 61.75 percent, representing an unrealized nonaccomplishment of implicit $66 million.
However, the federation remains unshaken by the gloomy marketplace conditions, with its educators signaling plans to amended astatine slightest 250,000 Salvadoran students astir the world’s flagship cryptocurrency by 2023.
In related news, El Salvador introduced the Digital Assets Issuance Law authorities past month, to enactment successful spot a ineligible model for the nationalist issuance of integer assets. The state has besides established the National Bitcoin Office (ONBTC), an bureau that volition beryllium successful complaint of handling bitcoin and crypto-related initiatives.