In the prestigious article titled «From Bukele to the World,» Forbes Central America highlights the transformation of El Salvador and underscores the adoption of Bitcoin as legal tender during President Nayib Bukele’s first term. This move has positioned the country at the forefront of a global cryptocurrency revolution.

«The adoption of Bitcoin as legal tender has placed El Salvador at the epicenter of a groundbreaking revolution driven by this cryptocurrency, attracting the attention of many global financial sector leaders,» the specialized magazine notes in this week’s edition.

El Salvador will mark three years since adopting Bitcoin as legal tender on September 7, making it the first nation globally to accept it alongside the U.S. dollar. The Legislative Assembly approved the regulation for unrestricted Bitcoin use in June 2021. This legislation operates independently of the 2001 Monetary Integration Law, which established the U.S. dollar as legal tender.

Forbes Central America also points out the creation of the National Bitcoin Office, led by Stacy Herbert. «The office is dedicated to developing and maintaining the infrastructure of the first Bitcoin nation. This includes everything from formulating educational policies to attracting international investors and opening Bitcoin embassies in strategic locations such as Lugano, Switzerland.» The article also mentions that this office has been instrumental in creating the regulatory framework for the issuance of Volcano Bonds, announced by President Bukele in November 2021 during the first Bitcoin Week in El Salvador.

Forbes Central America dedicates nearly two of the seven pages of the article «From Bukele to the World» to exploring the cryptocurrency’s adoption under the subtitle «A Bitcoin in the Air,» reminiscing about its initial use at El Zonte beach in the department of La Libertad.

«Today, this popular spot among surfers is a tangible, albeit small-scale, example of a Bitcoin-based economy, where people buy, earn, and save in this digital currency,» the magazine states.

Following the approval of additional regulations, such as the Digital Assets Issuance Law, a new capital market is being developed in El Salvador based on Bitcoin. Recently, the issuance of a tokenized private bond to finance a new hotel at Comalapa Airport was announced, and other projects like tokenized stocks and futures are also being considered.