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and they can be frontline people.

The new attempt to lure tech enthusiasts with no taxes could be another step toward making the country an easy-to-do business hub.Bitcoin city to tech hub Although it is not yet known if this regulation would apply to bitcoin (BTC) applications.

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”El Salvador became the first government in Central America to accept bitcoin as legal tender in an effort to increase financial inclusion.”El Salvador’s decision to accept Bitcoin has been praised by many as a brave and innovative action that could open the way for other nations to follow suit. The president intends to introduce legislation that would eliminate all taxes on technological innovations as well as computing and communications hardware manufacturing etc.

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with plans to make bitcoin legal tender in 2021 and to build the world’s first “bitcoin city.This program is a part of the Bukele administration’s larger initiatives to modernize the nation’s economy and lessen its reliance on conventional sectors like industry and agriculture.

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acknowledged in February 2023 that the threats associated with El Salvador’s adoption of Bitcoin “have not materialized.

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