2024

United

Bitcoin

<div class="flex flex-grow flex-col max-w-full">
 <div class="min-h-[20px] text-message flex w-full flex-col items-end gap-2 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto" dir="auto" data-message-author-role="assistant" data-message-id="0be27d4e-61f4-4501-ac19-ed82f1dd4a47">
  <div class="flex w-full flex-col gap-1 empty:hidden first:pt-[3px]">
   <div class="markdown prose w-full break-words dark:prose-invert dark">
    <ul>
     <li><strong>The U.S. Department of State recommends American and global investors to explore business opportunities in El Salvador.</strong></li>
     <li><strong>El Salvador’s economic growth is attributed to policies by President Nayib Bukele, particularly the integration of Bitcoin.</strong></li>
    </ul>
    <hr>
    <p>The United States, through its Office of Economic and Business Affairs, is actively encouraging both domestic and international investors to consider El Salvador as a prime destination for business opportunities. This recommendation stems from an extensive analysis of the 2024 investment climate, <a href="https://www.ethnews.com/sbi-holdings-and-franklin-templeton-launch-bitcoin-etfs-in-japan/" rel="noopener noreferrer nofollow">underscoring</a> the significant economic strides made under President Nayib Bukele’s administration.</p>
    <p>President Bukele’s policies have prioritized economic stabilization and growth, effectively enhancing the country’s investment appeal. Notably, his administration’s rigorous approach to improving public safety by curbing gang-related activities <a href="https://www.ethnews.com/bitcoins-remarkable-rally-approaches-new-heights-as-trump-champions-crypto/" rel="noopener noreferrer nofollow">has markedly bettered</a> the living conditions for Salvadoran citizens, contributing to a more secure environment for businesses.</p>
    <p>Bukele’s administration has initiated several state-driven measures designed to attract foreign investments. These initiatives <a href="https://www.ethnews.com/crypto-veteran-shares-2025-bitcoin-price-prediction-and-top-altcoins-to-buy-now/" rel="noopener noreferrer nofollow">include</a> the reduction of bureaucratic hurdles, the provision of tax incentives, the automation of government services, and the acceleration of digital transformation within public sectors. Additionally, El Salvador’s strategic geographic location, the use of the U.S. dollar, improved security, and trade agreements with the United States are pivotal factors making the country an attractive investment hub.</p>
    <p>A notable legislative reform exempts all foreign capital inflows from income tax, which previously subjected funds exceeding $150,000 to a 20% tax rate. This change is particularly advantageous for foreign investors, offering a more favorable financial landscape. Furthermore, Bukele’s administration has <a href="https://www.ethnews.com/rollblock-becoming-the-fastest-growing-crypto-presale-as-thousands-more-sign-up-optimism-and-imx-hold-up-well-in-bitcoin-volatility/" rel="noopener noreferrer nofollow">outlined</a> plans for significant infrastructure projects, encompassing connectivity, logistics, airports, energy, and water systems, presenting substantial opportunities for U.S. businesses.</p>
    <p>The U.S. Department of State’s report also acknowledges the considerable international attention El Salvador has garnered through its adoption of <a href="https://www.ethnews.com/donald-trump-pledges-to-commute-ross-ulbrichts-sentence-in-pro-bitcoin-agenda/" rel="noopener noreferrer nofollow">Bitcoin</a> as legal tender. Despite concerns about the nation’s high debt levels and the ongoing negotiations with the International Monetary Fund (IMF), the report suggests that Bitcoin has bolstered El Salvador’s global profile, enhancing its appeal as a tourist destination and fostering economic growth.</p>
    <p>Interestingly, while the IMF has urged El Salvador to abandon <a href="https://www.ethnews.com/bitcoin-to-smash-records-how-the-upcoming-fed-rate-cut-could-propel-btc-to-new-heights/" rel="noopener noreferrer nofollow">Bitcoin</a> as legal tender to secure financial assistance, Bukele’s government remains steadfast in its commitment to cryptocurrency. The Department of State’s report does not criticize this stance, instead recognizing the increased international allure Bitcoin has brought to El Salvador.</p>
    <p>In contrast to previous U.S. government critiques focusing on Bitcoin, the current perspective from the Office of Economic and Business Affairs signals a shift, <a href="https://www.ethnews.com/the-potential-impact-of-a-30-tax-on-bitcoin-mining-in-the-us/" rel="noopener noreferrer nofollow">highlighting</a> a more optimistic view of El Salvador’s economic prospects under Bukele’s leadership. This shift is evidenced by certain U.S. jurisdictions adopting similar Bitcoin models, reflecting a broader acceptance and potential replication of El Salvador’s cryptocurrency strategy.</p>
   </div>
  </div>
 </div>
</div>
<div class="mt-1 flex gap-3 empty:hidden -ml-2">
 <div class="items-center justify-start rounded-xl p-1 z-10 -mt-1 bg-token-main-surface-primary md:absolute md:border md:border-token-border-light flex">
  <div class="flex items-center">
   <div class="cryptoboxes" id="mcw-12344" data-realtime="on">
    <div class="mcw-chart mcw-chart-light" data-font="inherit" data-chartcoin="BTC" data-chartcurrency="USD" data-chartrate="1.000268" data-charttype="chart" data-chartview="day" data-charttheme="light" data-chartsmooth="true" data-chartareacolor="" data-chartbgcolor=""></div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://www.ethnews.com/u-s-urges-investors-to-tap-into-el-salvadors-bitcoin-boosted-economy/" rel="noopener noreferrer nofollow">U.S. Urges Investors to Tap Into El Salvador’s Bitcoin-Boosted Economy</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.</p>

U.S. Urges Investors to Tap Into El Salvador’s Bitcoin-Boosted Economy

ETHNews

Další články publikované 29. 7. 2024

Whales Boost ARB Token Holdings

Big Week: Key Things to Watch for Crypto Investors

Bitcoin Conference 2024: A Historic Turning Point? Summary of announcements and predictions from ...

Trump’s Statements Boost Crypto Market

Ethereum Faces Challenges Despite Market Optimism

Vitalik Buterin Refutes Péter Szilágyi’s Centralization Claims In Ethereum Debate

Join our free newsletter for daily crypto updates!