El Salvador becomes the first country in the world to make Bitcoin it's legal Currency. The Bill was passed at midnight after two hours of debate.
The President of El Salvador it's encouraging all crypto entrepreneurs to move to El Salvador. He promises them legal residency, no capital gain taxes and no federal or state taxes.
He also promised to invest in Bitcoin mining operations through thermo energy from the country's many active volcanos.
You must spend 3 BTC within the country to gain residency.
El Salvador now has three legal currencies.
1. US Dollar (official use)
2. Salvadorean Colon ( official currency, not used, no longer printed)
3. Bitcoin
The president's tweets.
View: https://mobile.twitter.com/nayibbukele/status/1402508938415939593
The President of El Salvador it's encouraging all crypto entrepreneurs to move to El Salvador. He promises them legal residency, no capital gain taxes and no federal or state taxes.
He also promised to invest in Bitcoin mining operations through thermo energy from the country's many active volcanos.
You must spend 3 BTC within the country to gain residency.
El Salvador now has three legal currencies.
1. US Dollar (official use)
2. Salvadorean Colon ( official currency, not used, no longer printed)
3. Bitcoin
The president's tweets.
View: https://mobile.twitter.com/nayibbukele/status/1402508938415939593
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