El Salvador Wants to Build 'Bitcoin City' With Major Tax Incentives

cryptocurrency 1 week ago

El Salvador, the only country where bitcoin is a legal tender, is going to build an entire city based on the largest cryptocurrency by market value. "Bitcoin City" will have no income, property, capital gains or payroll taxes. Edan Yago, Lead Contributor at bitcoin-focused DeFi platform Sovryn, discusses the potential impact of the city on bitcoin's volatility and price movement. Plus, could bitcoin replace the dollar as a global reserve currency?
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