March 22, 2024
Source: AdobeStock / 604Brooke

 

The government of El Salvador has unveiled further details about the “20 new financial and innovation”-related laws recently announced on Twitter by the President Nayib Bukele – and it looks like the legislation will be aimed at bitcoin (BTC) enthusiasts hoping to move to the country and helping the government roll out its bitcoin bonds.

According to ElSalvador.com, the website of the newspaper El Diario de Hoy, the Minister of Finance, Alejandro Zelaya, told the TV network Telecorporación Salvadoran that the “laws on financial freedom” would “seek to give benefits to bitcoiners who come to the country.”

The minister claimed that there are now “many” international “bitcoiners who want Salvadoran nationality” – and that the new laws would help them get it.

And Zelaya added that one of the proposals would be to “legislate to grant benefits for bitcoiners” who wish to settle in the country – and “presumably in Bitcoin City,” the media outlet added, referring to Bukele’s plan to build a tax-free haven for international BTC advocates at the foot of a new volcanic BTC mining hub.

Zelaya was quoted as saying:

“There are bitcoiners and friends of mine who want Salvadoran nationality. They ask me what they can do to obtain [nationality], but the country’s legislation does not allow for this.”

Further laws will also help El Salvador’s bid to issue up…

Read more…

Leave a Reply

Your email address will not be published. Required fields are marked *