Today news
About the same in other media
El Salvador plans first 'Bitcoin City', backed by bitcoin bonds
Reading now: 726
economictimes.indiatimes.comEl 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). «Invest here and make all the money you want,» 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 works and is energized by a volcano.»
Presented ByDid you
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
Explained: Why IMF does not support El Salvador’s use of Bitcoin as legal tender cnbctv18.com /2 years ago
Show more
The website gocryptonft.com 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.
