El Salvador president readies bill to eliminate taxes on tech
SAN SALVADOR, March 23 (Reuters) - El Salvador's President Nayib Bukele said on Thursday he will send to the country's Congress next week...
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WELCOME TO BITCOIN CITY, EL SALVADOR
A New Jurisdiction For Economic Freedom
The only tax collected there will be a value-added tax, half of which will be used to pay the municipal bonds and the rest for municipal infrastructure and maintenance. no property, income or municipal taxes and the city would have zero carbon dioxide emissions due to geothermal energy from the local volcano.
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Sean Morgan
- Mar 7
- 2 min
President Bukele Explains How El Salvador Benefited From Legalizing Bitcoin
Bitcoin has fixed El Salvador’s legacy and increased tourism by 95%, President Nayib Bukele stated. The President of El Salvador – Nayib...
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Sean Morgan
- Feb 25
- 6 min
El Salvador plans to open second Bitcoin Embassy in Texas
El Salvador’s Ambassador to the United States, Milena Mayorga announced the nation’s second Bitcoin Embassy, planned for the state of...
2 views0 comments
Sean Morgan
- Feb 24
- 2 min
Salvadoran authorities urged to probe millions in bitcoin fraud
San Salvador, Feb 22 (EFE).- An NGO with ties to the Episcopal Church appealed Wednesday to the Salvadoran Attorney General’s Office to...
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Sean Morgan
- Feb 20
- 3 min
El Salvador’s President Controversially Bets on “Volcano Bonds” Linked to Bitcoin
The president of El Salvador, Nayib Bukele, plans to issue debt papers in bitcoin to improve public finances, but his offer of the...
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Sean Morgan
- Feb 18
- 2 min
El Salvador to open a "Bitcoin Embassy" in Texas
El Salvador continues to be an innovative force in the world of crypto as the first country to adopt Bitcoin as legal tender has now...
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Sean Morgan
- Feb 16
- 2 min
Paying the way for Bitcoin adoption in El Salvador: Video
What is Bitcoin adoption like on the ground as peer-to-peer cash in the home of Bitcoin worldwide? Cointelegraph visits El Salvador to...
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Sean Morgan
- Feb 16
- 2 min
El Salvador to open a ‘Bitcoin Embassy’ in the United States
After debuting a Bitcoin Embassy in Switzerland’s city of Lugano, El Salvador continues expanding its BTC strategy with a new partnership...
3 views0 comments
Sean Morgan
- Feb 12
- 2 min
IMF Says El Salvador Should Avoid Trading Bitcoin Bonds – Here’s Why
The International Monetary Fund (IMF) has warned El Salvador to avoid trading Bitcoin bonds due to the risks it poses for the economy....
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Sean Morgan
- Jan 28
- 1 min
Bitfinex Expects El Salvador Volcano Token Issuance This Year
El Salvador to create regulator, prospectus for digital bond Bitfinex is looking to hire, open office in El Salvador Cryptocurrency...
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Sean Morgan
- Jan 17
- 2 min
El Salvador Paves Way For First Sovereign Blockchain Bond As BTC Breaks $21k Ceiling
In 2021, the Republic of El Salvador announced that it would raise $1 billion through bitcoin bonds, also referred to as the Volcano...
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Sean Morgan
- Jan 13
- 3 min
El Salvador crypto bill passes, enabling 'volcano bonds' and Bitcoin City
(Kitco News) - The Congress of El Salvador has voted in favor of the Digital Assets Issuance bill, paving the way for the issuance of the...
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Sean Morgan
- Jan 7
- 2 min
El Salvador’s Bitcoin strategy evolved with the bear market in 2022
After making Bitcoin legal tender in the country, El Salvador has faced a tough year of critics and the nonstop sinking of Bitcoin...
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Sean Morgan
- Jan 5
- 2 min
El Salvador to Host Bitcoin Beach Party Featuring Top Bitcoin (BTC) Maxis
El Salvador recently rolled out a nationwide Bitcoin education program. Both internal and international tourism levels skyrocketed. Nayib...
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Sean Morgan
- Jun 20, 2022
- 3 min
Bitcoin-Boosting Salvadoran Leader Asks for Patience
FILE - El Salvador's President Nayib Bukele speaks at the closing party of “Bitcoin Week,” where he announced the plan to build the...
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Sean Morgan
- Jun 16, 2022
- 2 min
El Salvador’s minister dismisses Bitcoin crash despite 50% loss in reserves
El Salvador has collected over 2,300 Bitcoins since 2021. Even though the county lost more than $50 million with the recent crash, it's ...
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Sean Morgan
- Jun 3, 2022
- 2 min
El Salvador Treasury Minister States Ukraine-Russia Conflict Disrupted Bitcoin Prices, Volcano Bonds
Alejandro Zelaya, Treasury minister of El Salvador, explained that the conflict happening currently between Ukraine and Russia has ...
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Sean Morgan
- Jun 3, 2022
- 2 min
Bitcoin bond still on hold, El Salvador accused of human rights violations
El Salvador’s finance minister believes the ongoing price volatility of Bitcoin means the awaited “Bitcoin bond” won't be launched...
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Sean Morgan
- Jun 3, 2022
- 2 min
El Salvador To Further Delay Bitcoin Bond Launch: Finance Minister Alejandro Zelaya
El Salvador became the first country to adopt Bitcoin (BTC) as a legal tender. The Salvadoran government announced late last year that it...
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