EL SALVADOR PLANS TO CREATE AN ENTIRE CITY BASED ON BITCOIN

President Nayib Bukele has unveiled plans to build a "Bitcoin City" near a volcano. The city will have its own geothermal power plant to help support crypto mining. There will be no capital gains, income, payroll or property taxes, just value added tax. Half of the $1 billion US "Bitcoin bond" will be used to build infrastructure.
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