El Salvador has officially integrated Bitcoin and artificial intelligence into its national policy, effective January 1, 2026. The country's treasury now holds 7,517 Bitcoins, valued at over $660 million. This initiative aims to leverage surplus geothermal energy to establish data centers and AI special economic zones, providing a tax-free environment for automation industries and decentralized financial services.
In a significant legislative move, Bitcoin's status has shifted from mandatory to voluntary legal tender, while taxes remain denominated in U.S. dollars. This change has facilitated $1.4 billion in funding from the International Monetary Fund. Additionally, El Salvador has partnered with tech leaders like xAI to launch an AI-driven education initiative under the Genius Act, enhancing the nation's educational framework.
El Salvador Adopts Bitcoin and AI as National Policy
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
