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19 September 2021

El Salvador Offers Tax Exemptions to Bitcoin (BTC) Investors

El Salvador Offers Tax Exemptions to Bitcoin (BTC) Investors


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Authorities in El Salvador have revealed that bitcoin (BTC) and other cryptocurrency investors in the region will not be required to pay any form of taxes on their digital asset holdings even when they make huge profits.

Having implemented its Bitcoin Law, amidst initial technical glitches and bitcoin price dip, El Salvador’s President Nayib Bukele and his team are doing their best to make project Chivo a huge success and transform the nation into a hotbed for crypto investors.

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