Bitcoin city

Photo: AL Jazeera

El Salvador Plans To Built World's First 'Bitcoin City'

El Salvador's President Nayib Bukele announced plans to establish the world's first "Bitcoin City," funded by bitcoin-backed bonds. He assured that the cryptocurrency will help the Central American country attract investment. Moreover, Bukele stated that the city would use geothermal energy from a volcano and would not collect any taxes other than the value-added tax (VAT). "Invest here and make all the money you want," Bukele said.

Sun, 21 Nov 2021 - 05:00 PM / by SAM RAHUL RAJASHEKHAR

Tags: el salvador, Nayib Bukele, Bitcoin, Cryptocurrency, bitcoin city

Courtesy: Reuters

President Nayib Bukele

Photo: The Crypto Basic

El Salvador President To Use Bitcoin Earned Money For Veterinary Hospital

Salvador's president, Nayib Bukele on October 10 said that a certain percentage out of the $4 million earned from bitcoin will be used to establish a veterinary hospital. Besides, Bitcoin's value dropped over 10% of its value as El-Salvador became the first country to recognize cryptocurrency as legal tender. However, in the last week, its user base has increased by 30%. Moreover, the hospital will provide basic emergency treatment.

Sun, 10 Oct 2021 - 02:45 PM / by Vidhi Jhunjhunwala

Tags: el salvador, Bitcoin, veterinary hospital, Nayib Bukele

Courtesy: Hindustan Times

Bitcoin gets its new investor

Photo: Pymnts.com

Bitcoin Gets Its New Investor; El Salvador To Accept Cryptocurrency

Nayib Bukele, the President of El Salvador, announced on September 6 that Salvador bought its first 200 bitcoins. On September 7, El Salvador is likely to legalize bitcoin & accept cryptocurrency as legal tender. This move is expected to bring more people… read-more

Tue, 07 Sep 2021 - 11:49 AM / by Vidhi Jhunjhunwala

Tags: Cryptocurrency, el salvador, Bitcoins, Currency

Courtesy: NDTV

The El Salvador flag and bitcoin

Photo: Coingape

'El Salvador' Becomes World's First Country To Officialise Bitcoins

While addressing on June 24, El Salvador President Nayib Bukele announced that the recently passed Bitcoin legalisation law will come into effect from September 7. "The use of bitcoin will be optional, nobody will receive bitcoin if they don't want it...,” said Bukele. El Salvador has become the first country to officialise cryptocurrency owing to the huge bitcoin payments that citizens send from abroad.

Sat, 26 Jun 2021 - 06:41 PM / by Aditi Chavan

Tags: Nayib Bukele, el salvador, Bitcoin, legalizing cryptocurrency

Courtesy: Reuters

El Salvador president Nayib Bukele

Photo: Blockworks

El Salvador Becomes World's 1st Country To Make Bitcoin A Legal Tender

El Salvador on June 9 became the world’s first country to accept Bitcoin as a legal tender and mandated all goods and services to accept the cryptocurrency. The government also assured backstop for the services that are skeptical about the volatility of cryptocurrency by allowing its convertibility and deposit options. Touting Bitcoin’s capability to help Salvadorans abroad to send remittances back home, President Bukele discussed the… read-more

Thu, 10 Jun 2021 - 03:41 PM / by Sohini Mandal

Tags: Bitcoin, Cryptocurrency, el salvador, legal tender

Courtesy: Coindesk