Bitcoin Trust
E278276
Bitcoin Trust is a government-established fund in El Salvador designed to support and facilitate the use, conversion, and management of bitcoin within the country’s financial system.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Bitcoin Trust canonical | 1 |
Statements (34)
| Predicate | Object |
|---|---|
| instanceOf |
government fund
ⓘ
public financial trust ⓘ |
| associatedWith |
Central Reserve Bank of El Salvador
ⓘ
Chivo Wallet ⓘ Ministry of Finance of El Salvador ⓘ |
| beneficiary |
bitcoin users in El Salvador
ⓘ
businesses accepting bitcoin in El Salvador ⓘ financial institutions handling bitcoin transactions in El Salvador ⓘ |
| country | El Salvador ⓘ |
| establishedBy | Government of El Salvador ⓘ |
| function |
hold and manage bitcoin reserves for the state
ⓘ
provide liquidity for bitcoin-to-fiat conversions ⓘ reduce exchange-rate risk for users converting bitcoin ⓘ support implementation of bitcoin as legal tender ⓘ |
| governingBody | Government of El Salvador ⓘ |
| implements | bitcoin adoption policy of El Salvador ⓘ |
| industry | financial technology ⓘ |
| jurisdiction | El Salvador ⓘ |
| legalStatus | government-established ⓘ |
| location | San Salvador ⓘ |
| policyArea |
digital economy
ⓘ
financial inclusion ⓘ monetary policy ⓘ |
| purpose |
facilitate conversion between bitcoin and US dollars
ⓘ
manage bitcoin-related operations within the national financial system ⓘ support the use of bitcoin in El Salvador ⓘ |
| regulatoryDomain | national financial system of El Salvador ⓘ |
| relatedTo |
Bitcoin Law in El Salvador
ⓘ
surface form:
Bitcoin Law (El Salvador)
|
| riskType | bitcoin price volatility risk ⓘ |
| sector |
cryptocurrency
ⓘ
financial services ⓘ public finance ⓘ |
| usesCurrency |
US dollar
ⓘ
surface form:
United States dollar
bitcoin ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.