Bitcoin City' plan will be funded initially by bitcoin bonds, doubling down on the country's bet on the cryptocurrency
After becoming world's first country to adopt bitcoins as legal tender in the counter, El Salvador is mulling to build world's first 'Bitcoin City.' Making an official announcement in this regard on Saturday, President Nayib Bukele said that El Salvador's 'Bitcoin City' plan will be funded initially by bitcoin bonds, doubling down on the country's bet on the cryptocurrency.
On Saturday, while speaking at an event to promote the bitcoin, El Salbavador President Nayib Bukele said, "We'll start funding in 2022, the bonds will be available in 2022." Bukele went on to add that the city planned in the east of the country would get its energy supply from a volcano and would not levy any taxes except for value added tax (VAT).
Source: livemint.com
Source of copypasta
Copying/Pasting content (full or partial texts, video links, etc.) with adding very little original content is frowned upon by the community. Repeated copy/paste posts could be considered spam.
Spam is discouraged by the community and may result in the account being Blacklisted.
If you believe this comment is in error, please contact us in #appeals in Discord.