June 6 :El Salvador President Nayib Bukele plans to introduce legislation that will make it the world’s first sovereign nation to adopt bitcoin as legal tender.
1. Great weather, world class surfing beaches, beach front properties for sale.— Nayib Bukele 🇸🇻 (@nayibbukele) June 6, 2021
2. One of the few countries in the world with no property tax.
3. No capital gains tax for #Bitcoin, since it will be a legal currency.
4. Immediate permanent residence for crypto entrepreneurs. https://t.co/j3eugJQCMd
Bukele broadcast his intentions on a video at the Bitcoin 2021 conference in Miami.
Bukele said the country is partnering with digital wallet company, Strike, to build modern financial infrastructure using bitcoin technology.
El Salvador is looking to introduce legislation that will make it the world’s first sovereign nation to adopt bitcoin as legal tender, alongside the U.S. dollar.
In a video broadcast to Bitcoin 2021, a multiday conference in Miami being billed as the biggest bitcoin event in history, President Nayib Bukele announced El Salvador’s partnership with digital wallet company, Strike, to build the country’s modern financial infrastructure using bitcoin technology.