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Bitcoin bull firm El Salvador has launches its proof-of-reserve (PoR) website 

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Bitcoin bull firm El Salvador has launches its proof-of-reserve (PoR) website  2

El Salvador’s newly launched website will represent the country’s degree of Bitcoin adoption level. 

El Salvador is the world’s first country which adopted Bitcoin as a legal tender under the presidency of Nayib Bukele, in Sep 2021. With the help of Bitcoin adoption, Bukele successfully pushed the country’s economy to the next level. However, Bukele faced huge criticism for Bitcoin adoption but still, he always showed full support for his Bitcoin adoption decision against critics.

Today El Salvador launched a new website Bitcoin.gob.sv. This new website contains multiple real-time data to show the country’s position on Bitcoin holding.

Alongside the country’s Bitcoin holding funds, the website shows real-time details about the Bitcoin blockchain network e.g. transaction fee, Bitcoin halving, Bitcoin hash rate, mining difficulty, etc. 

As per current record, El Salvador holds a total of 5,748.76 BTC worth $361,487,524. 

Source: https://t.co/XypqX9zCtN ( El Salvador's new website) pic.twitter.com/F6x3XotZIq

— Bitcoinik (@Bitcoinikdotcom) May 13, 2024

Earlier people were calculating the country’s Bitcoin holdings on behalf of third-party trackers but now this official website is going to provide accurate & exact data.

El Salvador invites global talents

With the help of better policies & laws, the country’s president successfully represented the country as a better place for global companies & new business. 

In April of this year, the El Salvador government invited talented people belonging to different sectors to shift in the country. The country’s president promised zero tax over property/business shifting. 

Earlier this year, the country’s government invited people to donate $1 million worth of Bitcoin to secure the country’s citizenship. 

In April of this year, reportedly the International Monetary Fund (IMF) demanded the El Salvador government remove Bitcoin from legal tender status, however, no official statement came to the public domain on this matter by any of the parties. 

Read also: North Korean hackers are using new malware to attack South Korean crypto exchanges: Durian Malware 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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