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 <p>One of the most forward-thinking countries in the realm of digital assets is set to continue growing its crypto-centered economy. Indeed, <a rel="noopener noreferrer nofollow" title="El Salvador" href="https://thebittimes.com/tag/el-salvador.html">El Salvador</a> is set to continue its Bitcoin City plan after its upcoming presidential election. Taking place on Saturday, re-election appears to be the most likely outcome.</p>
 <p>The country is set to commence building a tax-free city centered around the digital asset. Moreover, <a rel="noopener noreferrer nofollow" title="El Salvador" href="https://thebittimes.com/tag/el-salvador.html">El Salvador</a> is set to launch Bitcoin bonds after the election set to take place on Saturday. Current President and Bitcoin enthusiast Nayib Bukele is expected to emerge from the elections victorious.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2024/02/02/3eb7e4db0a16bfa9476d40c190ddcd0f.webp" alt class="wp-image-116059" srcset="https://cdn.thebittimes.com/images/2024/02/02/3eb7e4db0a16bfa9476d40c190ddcd0f.webp 1024w, https://cdn.thebittimes.com/images/2024/02/02/3eb7e4db0a16bfa9476d40c190ddcd0f.webp 300w, https://cdn.thebittimes.com/images/2024/02/02/3eb7e4db0a16bfa9476d40c190ddcd0f.webp 768w, https://cdn.thebittimes.com/images/2024/02/02/3eb7e4db0a16bfa9476d40c190ddcd0f.webp 1536w, https://cdn.thebittimes.com/images/2024/02/02/3eb7e4db0a16bfa9476d40c190ddcd0f.webp 380w, https://cdn.thebittimes.com/images/2024/02/02/3eb7e4db0a16bfa9476d40c190ddcd0f.webp 550w, https://cdn.thebittimes.com/images/2024/02/02/3eb7e4db0a16bfa9476d40c190ddcd0f.webp 800w, https://cdn.thebittimes.com/images/2024/02/02/3eb7e4db0a16bfa9476d40c190ddcd0f.webp 1160w, https://cdn.thebittimes.com/images/2024/02/02/3eb7e4db0a16bfa9476d40c190ddcd0f.webp 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: CNN
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 <p><strong>Also Read: Ripple: El Salvador Bitcoin Advisor Says XRP to Fall 98%, to $0.01</strong></p>
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 <h2 class="wp-block-heading" id="h-el-salvador-s-bitcoin-city-expected-to-continue-development-after-saturday-election">El Salvador’s Bitcoin City Expected to Continue Development After Saturday Election</h2>
 <p>Since his ascension to the presidency, Nayib Bukele has transformed the <a rel="noopener noreferrer nofollow" title="El Salvador" href="https://thebittimes.com/tag/el-salvador.html">El Salvador</a>ian economy. Indeed, his admiration for Bitcoin has made the cryptocurrency central to his plans for its economic standing. Subsequently, with elections set to take place on Saturday, many expect his position to be maintained.</p>
 <p>Moreover, his reelection would have massive implications for the continuation of the country’s big plans for the digital asset. Specifically, <a rel="noopener noreferrer nofollow" title="El Salvador" href="https://thebittimes.com/tag/el-salvador.html">El Salvador</a> is set to continue the development of its Bitcoin City after the upcoming presidential elections.</p>
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 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="585" src="https://cdn.thebittimes.com/images/2024/02/02/dc762099d39e0bc55836c945378858d5.webp" alt="El Salvador Bitcoin Bond Clears Hurdles, Set for Early 2024 Debut" class="wp-image-121518" srcset="https://cdn.thebittimes.com/images/2024/02/02/dc762099d39e0bc55836c945378858d5.webp 1024w, https://cdn.thebittimes.com/images/2024/02/02/dc762099d39e0bc55836c945378858d5.webp 300w, https://cdn.thebittimes.com/images/2024/02/02/dc762099d39e0bc55836c945378858d5.webp 768w, https://cdn.thebittimes.com/images/2024/02/02/dc762099d39e0bc55836c945378858d5.webp 1536w, https://cdn.thebittimes.com/images/2024/02/02/dc762099d39e0bc55836c945378858d5.webp 380w, https://cdn.thebittimes.com/images/2024/02/02/dc762099d39e0bc55836c945378858d5.webp 550w, https://cdn.thebittimes.com/images/2024/02/02/dc762099d39e0bc55836c945378858d5.webp 800w, https://cdn.thebittimes.com/images/2024/02/02/dc762099d39e0bc55836c945378858d5.webp 1160w, https://cdn.thebittimes.com/images/2024/02/02/dc762099d39e0bc55836c945378858d5.webp 1792w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p><strong>Also Read: El Salvador To Grant Citizenship to Foreign Bitcoin Investors</strong></p>
 <p>Speaking to Reuters, <a rel="noopener noreferrer nofollow" title="El Salvador" href="https://thebittimes.com/tag/el-salvador.html">El Salvador</a>’s Vice President Feliz Ulloa, discussed the country’s Bitcoin implementation. Speaking on Wednesday, he noted that Bitcoin would remain legal tender in the country. Moreover, he responded to an International Monetary Fund (IMF) request for reconsideration with a swift rejection.</p>
 <p>“Not only will it (the law) be maintained,” Ulloa said, “At this moneht, it enjoys the greatest credibility in the entire world.” Specifically, Ulloa is referring to the United States’ decision to approve 11 Spot Bitcoin ETFs. Therefore, strengthening the country’s commitment to the digital asset.</p>
 <p>Overall, Ulloa said the country is continuing with its plans for Bitcoin-backed bonds during 2024’s first quarter. Moreover, he noted that the construction of the aforementioned Bitcoin City would commence after the election.</p>
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  <li>bitcoin</li>
  <li>El Salvador</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/el-salvador-to-continue-bitcoin-city-plan-after-presidential-election-tbt78591.html">https://thebittimes.com/el-salvador-to-continue-bitcoin-city-plan-after-presidential-election-tbt78591.html</a></p>

El Salvador To Continue Bitcoin City Plan After Presidential Election

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