news

bitcoin

1 X bitcoin bitcoin =

Wednesday

23 June 2021

El Salvador Offers No Capital Gains Tax, Permanent Residence to Crypto Entrepreneurs – Bitcoin News

El Salvador Offers No Capital Gains Tax, Permanent Residence to Crypto Entrepreneurs – Bitcoin News


smart summary beta

Nayib Bukele, president of El Salvador, has weighed in the future of his country now that there is a formal proposal for making Bitcoin a legal tender, announcing complementary measures.

Bukele mentioned yesterday on Twitter there would be no capital gains on Bitcoin earnings, and also highlighted the possibility of offering permanent residence to crypto entrepreneurs wanting to move to the LATAM country.

The young politician has put the country in the media spotlight after appearing at the 2021 Bitcoin Conference in Miami, announcing he would be introducing legislation to make Bitcoin legal tender in the country.

Bukele stated that because Bitcoin will be legal tender, there will be no capital tax gains for Bitcoin earnings, something that would entice cryptocurrency entrepreneurs and traders to bring their business to the country.

But Bukele went even further, hinting that El Salvador could offer immediate residence to crypto entrepreneurs interested in coming to and investing in the country.

Goto Full Article

bitcoin bitcoin price

$34709.00

24h

Live Average

bitcoin

News Article Sentiment

positive

Score (0)

Article Metadata

author

site

bitcoin.com
Market data feeds provided by cryptocompare.com
bitsmart 2021