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El Salvador is Making Bitcoin and Artificial Intelligence a State Policy! Here Are the Details
Source: CryptoNewsNet Original Title: El Salvador is Making Bitcoin and Artificial Intelligence a State Policy! Here Are the Details Original Link: El Salvador has officially made an ambitious development strategy encompassing Bitcoin and artificial intelligence (AI) a state policy. The Central American country is charting a course that is attracting global attention by placing digital assets and advanced technologies at the heart of its economic growth.
Bitcoin as Long-Term Reserve Asset
El Salvador’s public treasury is expected to hold approximately 7,517 Bitcoin by January 1, 2026. This amount is estimated to be worth over $660 million at current prices. The government positions Bitcoin as a long-term reserve asset while also considering its integration with artificial intelligence a strategic priority.
Geothermal Energy and AI Infrastructure
Under the new policy, the country plans to utilize its surplus geothermal energy. The goal is to use this energy to establish data centers and “AI zones,” support automation-focused industries, and promote decentralized finance (DeFi) services. Officials state that companies operating in these zones will receive tax exemptions and regulatory facilitations.
Legal Framework and IMF Financing
El Salvador passed a law amendment defining Bitcoin as a “voluntary legal tender” and requiring taxes to be paid in US dollars. This step enabled the country to secure approximately $1.4 billion in financing from the International Monetary Fund (IMF).
The “Genius Act” and AI Training
A new regulation called the “Genius Act” will establish collaborations with leading technology companies. Within this framework, AI-based training programs will be implemented nationwide to enhance digital skills. The El Salvadoran government argues that the integration of Bitcoin and AI will transform the country into a regional technology hub.