Bitcoin City: Can The Key To BTC Taxes Be VAT?

El Salvador President Nayib Bukele recently outlined ambitious plans to construct a Bitcoin City at the base of the Conchagua stratovolcano, which overlooks the Gulf of Fonseca.

Donning a backward-facing baseball cap and button-down shirt, the youthful president — who refers to himself as the country’s “CEO” on Twitter — suggested the new, Alexandria-like city could be financed by government-issued, bitcoin-backed bonds with geothermal energy powering the computers. Global media coverage inevitably followed, with several publications cheekily comparing Bukele’s plans to those of a James Bond villain.

Source: Bitcoin Magazine

Stay in the Loop

Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

- Advertisement - spot_img

You might also like...