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🚫 Bitcoiners To Be Exempt From Tax In El Salvador

Bitcoin tax breaks – and the latest stories of the crypto industry.

Hey Blockster, Since making Bitcoin a legal tender along with the USD, El Salvador has been at the center of focus among digital asset industry players. While the law that made BTC one of the two official currencies of the Latin American nation went into effect a little less than a week ago, integrating the cryptocurrency into the local economy didn't initially go as planned. In addition to some bugs and a network outage of the government-hosted Chivo wallet app, protests broke out against adopting Bitcoin. On the other hand, the nation's citizens are slowly getting used to cryptocurrency transactions, while financial institutions like Bancoagricola are incorporating BTC into their banking solutions. Furthermore, a presidential legal counsel recently stated that El Salvador's government is reportedly working on giving tax breaks on Bitcoin for investors to attract foreign capital. But how will this impact crypto users in and outside the Latin American nation? Check out this Blockdesk article to learn the details of the story!  Looking to read more stories about crypto? You can do exactly that by taking a look at the articles we have collected for you right from Blockdesk. Filecoin Has Crashed Hard – Is it Still Overvalued Though? – It's no question that FIL, the native cryptocurrency of the P2P file-sharing network Filecoin, has seen better days. In the past few days, the digital asset's price has been heavily downtrending, causing quite some losses for holders. Star Atlas - Next-gen Gaming Metaverse that's Driving the Crypto Community Crazy – While blockchain gaming has been around for quite some years, it only started attracting players in greater numbers recently. And now, as the first generation of these solutions has found their success, a developer team seeks to take this to the next level with its trending DLT-powered game. Ethereum Trading Volumes Surpass Bitcoin's Once More – Is This Just a Phase? – Powering the ICO craze in 2017 and the recent DeFi and NFT booms along with a massive number of dApps, it shouldn't come as a surprise that Ethereum is among the busiest blockchains on the market. However, it seems that its native ETH coin has even surpassed BTC's monthly trading volume in August. Users Are Flocking to Crypto with More Unique Addresses Daily – Mass Adoption on the Way? – Mass adoption is a phenomenon the crypto community has been eagerly waiting for since the dawn of the industry. And now, as a surging number of new users are flocking to cryptocurrencies, many are expecting the sector to achieve this long-awaited milestone in the near future. That's all for today. We will return tomorrow with a new collection of new cryptocurrency stories. See you then! Cheers, The Blockster Team © 2021 Blockster. All rights reserved This message was sent to lelakikelasmenengah@gmail.com by info@blockster.com Queensway, Midtown, Giblartar GX11 1AA, Gibraltar Unsubscribe | Manage Subscription | Forward Email

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