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🇸🇻 El Salvador has opened an Honorary Consulate in Lugano, 🇨🇭 Switzerland, strengthening $BTC-related cooperation.
- Deepening diplomatic and economic relations with #スイス, one of Europe’s leading Bitcoin and finance hubs. #エルサルバドル
https://t.co/3ENnP1Zhqm
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EL SALVADOR OPENS HONORARY CONSULATE IN LUGANO, STRENGTHENING BITCOIN TIES WITH SWITZERLAND
El Salvador has officially opened an Honorary Consulate in Lugano, Switzerland, deepening diplomatic and economic ties with one of Europe’s leading centers for Bitcoin, financial innovation, and technology.
Deputy Foreign Minister Adriana Mira said the new consulate reflects President Nayib Bukele’s strategy to expand El Salvador’s international presence and strengthen partnerships built around innovation, knowledge, and economic development.
The consulate will work alongside El Salvador’s embassy in Geneva to promote investment, academic exchange, technological cooperation, entrepreneurship, and closer engagement with the Salvadorian diaspora.
Officials also highlighted the growing partnership with Plan ₿ Network, noting that 25 Salvadoran students have already participated in educational programs in Lugano focused on Bitcoin and emerging technologies.
Honorary Consul Giacomo Zucco reaffirmed his commitment
🇨🇳#China: #Bitcoin🕊️ adoption in #China has faced significant challenges due to strict regulations, including a total ban on cryptocurrency trading and mining since 2021. Despite this, an estimated 78 million people, or 5.5% of the population, still own cryptocurrencies, indicating a positive sentiment towards them. | Tripple-A
🇺🇸 DOJ to drop charges against the mastermind of $722M crypto Ponzi scheme. 👀 https://t.co/tOoyGHrgiW
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Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.
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