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El Salvador plans first 'Bitcoin City', backed by bitcoin bonds
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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, 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).
Read more on economictimes.indiatimes.comAbout this in other media
El Salvador celebrates Black Friday, buys 100 BTC for 20% off cointelegraph.com /2 years ago
Bitcoin too volatile to be adopted as legal tender, says BoE chief cointelegraph.com /2 years ago
IMF recommends El Salvador not use Bitcoin as legal tender economictimes.indiatimes.com /2 years ago
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