El Salvador is preparing to establish a Bitcoin City

El Salvador is preparing to establish a Bitcoin City

The Salvadoran government is planning to move forward with plans to launch Bitcoin-backed bonds in the first quarter of 2024.

 

In addition, the construction of Bitcoin City, a tax-free crypto haven proposed by Bukele in the east of the country, and the issuance of passports to investors who contribute the equivalent of $1 million in cryptocurrency would also continue.

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