El Salvador recognized bitcoin as legal tender in 2021. Then the president of this Latin American state, Nayib Bukele, announced the government’s intention to build a mining center that will use geothermal energy.
The largest cryptocurrency exchange Binance was the first to receive a license from the authorities of El Salvador. It was issued by the Digital Assets Commission and the Central Bank.
The company has achieved virtualized service provider (DASP) status.