El Salvador’s National Bitcoin Office (ONBTC) has confirmed that more than 100 companies engaged in Bitcoin-related activities are now fully operational in the country, reflecting the nation’s ongoing efforts to position itself as a global crypto hub.
According to the ONBTC, these firms span a wide array of sectors within the Bitcoin ecosystem, including mining, wallet development, payments, and financial services. The announcement highlights the steady growth of El Salvador’s digital asset infrastructure following its historic decision to adopt Bitcoin as legal tender in 2021.
The surge in operational Bitcoin businesses is attributed to the country’s crypto-friendly regulatory environment and initiatives like the “Bitcoin Freedom” visa program, which have attracted foreign entrepreneurs and investors. Additionally, government support through tax incentives and streamlined registration processes has further encouraged blockchain startups to establish a presence in El Salvador.
Officials say the country remains committed to fostering innovation in the Bitcoin space while maintaining financial transparency and regulatory compliance. The ONBTC noted that more firms are in the pipeline to receive operational status, with expectations for continued growth through the remainder of the year.
El Salvador’s pro-Bitcoin stance continues to generate both praise and skepticism globally, but the rise in active firms signals growing institutional and entrepreneurial interest in the country’s crypto experiment.
