Cryptocurrency

Bitcoin

Felix

Bitcoin will continue to be legal tender in El Salvador during President Nayib Bukele's second term, El Salvador's vice president said in a statement.
<h2 id="el-salvador-will-stay-committed-to-bitcoin-after-the-election">El Salvador Will Stay Committed to Bitcoin After the Election</h2>
Days before the elections, which Bukele is expected to win thanks to the harsh crackdown on gangs, Felix Ulloa, who went on temporary leave to run for re-election together with Bukele, reiterated that the Central American country accepts cryptocurrency as legal tender.
Ulloa said the statement came after the International Monetary Fund (IMF) asked El Salvador to “reconsider” this measure during billion-dollar loan negotiations.
Ulloa said the government has no intention of reversing the decision, adding that the US Securities and Exchange Commission's (SEC) announcement that it will allow US-listed exchange-traded funds (ETFs) tracking Bitcoin has strengthened their resolve.
Related News: <a href="https://en.bitcoinsistemi.com/this-country-which-is-preparing-to-use-the-dollar-instead-of-its-own-currency-is-now-abolishing-cryptocurrency-taxes/" target="_blank" rel="noopener noreferrer nofollow">This Country, Which Is Preparing to Use the Dollar Instead of Its Own Currency, is Now Abolishing Cryptocurrency Taxes!</a>
With a decade-long history, ETFs are considered a game-changer for Bitcoin by offering investors access to the world's largest cryptocurrency without directly holding tokens. ETFs also provide a major boost to a crypto industry beset by scandals.
“Not only will the law be upheld,” Ulloa said in an interview.
Ulloa said that if Bukele and his New Ideas party win Sunday's elections as the vast majority of polls predict, the Salvadoran government will move forward with plans to launch Bitcoin-backed bonds in the first quarter of 2024.
He said construction of Bitcoin City, a tax-free crypto haven proposed by Bukele in the east of the country, and the issuance of passports to investors who contribute the equivalent of $1 million in cryptocurrency would also continue.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/el-salvador-is-preparing-to-establish-a-bitcoin-city-after-the-upcoming-election/" rel="noopener noreferrer nofollow">El Salvador is Preparing to Establish a Bitcoin City After the Upcoming Election!</a>

El Salvador is Preparing to Establish a Bitcoin City After the Upcoming Election!

목차

Bitcoin Sistemi EN

2024년 2월 1일에 게재된 다른 기사

Floki Inu acts in response to Hong Kong SFC’s warning

FBS Analysts Predict Bitcoin Downturn Amidst Anticipation of 2024 Federal Reserve Rate Cut

Market Fluctuations: Jupiter’s JUP Token Takes a Dive Post-Airdrop

Solana bulls upbeat as Jupiter flips Uniswap, GFOX presale hits $3m

Bitcoin's Future Amidst Rising Inflation and Global Turmoil: An Analysis

FTX Relaunch Denied, Vows Complete Customer Repayment. FTT Reacts

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!