El Salvador plans first 'Bitcoin City', backed by bitcoin bonds
The Hindu
Speaking at an event to mark the close of a week to promote bitcoin in El Salvador, Bukele said 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).
El Salvador plans to build the world's first "Bitcoin City" which will be funded initially by bitcoin bonds, President Nayib Bukele said on Saturday, doubling down on the Central American country's bet on the crypto currency.
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Speaking at an event to mark the close of a week to promote bitcoin in El Salvador, Bukele said 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).