In a meeting between the Vice President of El Salvador, Félix Ulloa Jr, and the Chinese Ambassador, Zhang Yanhui, El Salvador highlighted its achievements in the field of Bitcoin. Ulloa emphasized that Bitcoin has turned El Salvador into a symbol of financial freedom. He mentioned that the government reserves now include over 6,217 Bitcoins worth more than 500 million dollars. This progress is largely attributed to the efforts of the Bitcoin Office led by Stacy Herbert. El Salvador has initiated several initiatives and policies supportive of digital currencies to encourage further adoption of this emerging technology. This meeting took place while China maintains a strict stance on digital currencies. However, recent developments indicate a potential softening in China’s policies. El Salvador intends to increase its Bitcoin reserves to 20,000 units, demonstrating this country’s firm commitment to digital currency acceptance.
