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.
Tags: el salvador, Nayib Bukele, Bitcoin, Cryptocurrency, bitcoin city
Courtesy: Reuters
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.
Tags: el salvador, Bitcoin, veterinary hospital, Nayib Bukele
Courtesy: Hindustan Times
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.
Tags: Nayib Bukele, el salvador, Bitcoin, legalizing cryptocurrency
Courtesy: Reuters
