Today news
About the same in other media
El Salvador Plans World's First Bitcoin City
Reading now: 278
ndtv.comEl Salvador plans to build world's first Bitcoin city
El Salvador plans to build the world's first "Bitcoin City", funded initially by bitcoin-backed bonds, President Nayib Bukele said on Saturday, doubling down on his bet to harness the crypto currency to fuel investment in the Central American country.
Speaking at an event closing a week-long promotion of bitcoin in El Salvador, Mr Bukele said the city planned in the eastern region of La Union would get geothermal power from a volcano and not levy any taxes except for value added tax (VAT).
"Invest here and make all the money you want," Mr Bukele said in English, dressed all in white and wearing a reversed baseball cap, in the beach resort of Mizata. "This is a fully ecological city that
Read more on ndtv.comAbout this in other media
Mainstream Analysts Pour Scorn on El Salvador’s Financial Plans and Bitcoin Intentions cryptonews.com /2 years ago
Bitcoin Latinum Launches World's First Bitcoin Enabled NFT Platform in Partnership with Unico NFT cryptonews.com /2 years ago
El Salvador celebrates Black Friday, buys 100 BTC for 20% off cointelegraph.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
