Central America-based country El Salvador is planning to build the world's first bitcoin city, which will initially be funded by bitcoin-backed bonds. El Salvador President Nayib Bukele said in a statement on Saturday that, “Bitcoin has doubled its investment in El Salvador to promote investment and use of cryptocurrency. Eastern Region of La Union This city to be built in the U.S. will get a new development dimension from bitcoin, and will not be taxed at all except value-added tax (VAT)." President Nayib Bukele was addressing the conclusion of a week-long Bitcoin promotion program in the country.
Apart from this, President Bukele also gave a statement saying, "Invest here and earn money as you wish. This place is completely dedicated to it." Half of the VAT levied on bitcoin will be used to fund bonds issued to build the city, and the remaining half will be paid for services such as tax collection and garbage collection. In addition, about 300,000 bitcoins will be spent on creating the public infrastructure.
This September, El Salvador also became the first country in the world to legally recognize bitcoin. Giving information about the structure of the city, the President said that the aerial view of the city would look like bitcoin. Apart from this, the airport will also be constructed in this city along with commercial and residential buildings. An initial bond issue involving bitcoin is planned in El Salvador in 2022.
Mission Raniganj Box Office Collection: After giving 5 consecutive flop films, Akshay Kumar has r
Ballon d'Or: Lionel Messi wins the best player award in world football for the seventh time
Paris Saint-Germain and Argentine forward Lionel Messi have won the Ballon d'Or, the title of foo
The Reserve Bank has reduced the GDP estimate for the financial year 2024-25 and this is a surpri
As soon as RCB joined the bio-bubble, Faf expressed such desire, 'I want to come out last'
Royal Challengers Bangalore's (RCB) new captain Faf du Plessis has joined the team's bio-bubble a
Actor and film critic Kamal Rashid Khan has been arrested by the Mumbai Police in a two-year-old
Lawyer Rakesh Kishore, who threw a shoe at Chief Justice BR Gavai, has stated that he was hurt by
The air in the cities of Haryana has reached the stifling category. Most parts of the state have
Vicky Kaushal immersed in 'love' on Katrina Kaif's birthday, shared cute pictures of vacation
Vicky Kaushal On Katrina Kaif Birthday: Vicky Kaushal shared cute pictures wishing wife Katrina K
Karnataka BJP MLA has given an inhuman statement on the question of bringing the body of Karnatak
The death of former Karnataka Chief Minister SM Krishna has caused a wave of mourning in the poli
