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⚡El Salvador Wants To Build "Bitcoin City" Near Volcano

Bitcoin City will be exempt from all kinds of taxes other than VAT.

Hey Blockster, As you may have already known, El Salvador has become the first nation on the globe to make Bitcoin legal tender alongside the USD in September. While the implementation of the Latin American nation's BTC adoption wasn't as flawless as expected, El Salvador president Nayib Bukele is ready to take things to the next level. In addition to using the country's crypto profits to construct a veterinary hospital, Bukele recently unveiled his plans to build "Bitcoin City," a tech-focused settlement based near the Conchagua volcano, to attract foreign investment. Besides leveraging the power from the volcano to achieve carbon neutrality, residents won't have to pay any tax (e.g., personal income tax, capital gains tax, property tax, etc.) except for Value Added Tax (VAT), which will be used to cover the expenses of Bitcoin City's operation. While it offers the infrastructure of a modern city, El Salvador's government will provide the land for investors who want to build on the town. Check out this Blockdesk article to learn the details of the story. Ready for some further reading? Glad to hear that! Take a look below to find the crypto stories from our newest collection: Binance Seeks To Change Regulatory Image With More Master Class Training Courses – The crypto exchange Binance has been dealing with increased regulatory crackdowns lately, forcing the company to limit access to a part of its solutions in some jurisdictions. As Binance seeks to achieve compliance with the rules of watchdogs, it rolled out Master Class training courses to improve its image via educational content about digital assets. The Open Secret No One Wants To Discuss - Tether Will Likely Fail Eventually – Tether, the issuer of the USDT stablecoin, has been long failing to become fully transparent about its US dollar reserves it utilizes to maintain the stability of its cryptocurrency. And, sooner or later, this could lead to grave consequences. The Benefits Of Using Cryptocurrency – Those within the digital asset space tend to forget the real benefits of cryptocurrencies. For that reason, we have collected these advantages as a reminder that will also serve as valuable information for newbies. MoneyGram And Stellar Deal Could Catapult Stellar To The Stars – As the remittance service MoneyGram ended its partnership with the payment-focused crypto project Ripple, Stellar, its most prominent competitor, could leverage a new deal with the company to grow its business and facilitate a significant price increase for its native XLM coin. That's all for today. Be sure to check back tomorrow, as we will return with a new batch of cryptocurrencies stories delivered right into your inbox. 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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