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Tag Archives: El Salvador

No Taxes for Foreign BTC Investors in El Salvador!

El Salvador has announced that foreign bitcoin investors will not have to pay tax on the profits they make through cryptocurrency transactions. El Salvador Makes Things Easy for Foreign BTC Investors The news comes just a little over a week after the Central American nation declared bitcoin legal tender. El Salvador is the first nation to make such a move, and now it looks like several others – such as Paraguay – are interested in following in the country’s footsteps....

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Despite The Pressure from Coinbase, Estonia Would Not Open Its Doors for Bitcoin Yet

The Prime Minister of Estonia – Kaja Kallas – opined that the country should be very cautious about employing cryptocurrencies in its economic system. She added that even one of the leading digital asset exchanges – Coinbase – urged the government of the small Baltic nation to make Bitcoin legal tender. As of the moment, though, Kallas does not feel “positive about this.” Following El Salvador’s Move Is Not on The Horizon The recently elected Prime Minister of Estonia – Kaja...

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Poll: One Quarter of Americans Want to Make BTC the Equivalent of Cash

According to a new YouGov poll, approximately one quarter of the people living in the United States are all for making bitcoin legal tender in the country. The Poll Shows One Quarter Are in Favor of BTC Spending The news comes after El Salvador became the first nation to instill BTC as legal tender on September 7. The country has long been dependent on USD, the native currency of the U.S. However, the nation appears to be interested in financial independence and is now...

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El Salvador: Bitcoin-Steuererlass für ausländische Investoren

Spekulanten aus dem Ausland haben die Chance, in El Salvador von Steuern auf ihre Bitcoin-Gewinne befreit zu werden, wenn man einem Rechtsexperten der Regierung in El Salvador Glauben Schenken darf. So plant das südamerikanische Land, Investitionen ausländischer Krypto-Nutzer zu fördern. Kürzlich informierte ein Regierungsberater die Presse darüber, dass Bitcoin-Gewinne in El Salvador nicht besteuert werden sollen. So sollen Unternehmern und Investoren einen weiteren Anreiz erhalten, in das...

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Remittance Payments in El Salvador Can Become Much Easier with BTC

One of the big reasons why Nayib Bukele – president of El Salvador – is pushing bitcoin so much is because he thinks it will lessen remittance fees. According to a new study, the implementation of bitcoin in the Central American country could wind up costing Western Union about $400 million each year. El Salvador Could See Its Remittance System Change for the Better Jaimie Garcia, a Salvadorian who fled to Canada at the age of 11, has been living abroad for some time...

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Mike Novogratz Discusses BTC’s Latest Dip

Just a few days ago, bitcoin – the world’s number one digital currency by market cap – experienced a nasty price drop that saw it fall from about $52,000 per unit to roughly $45,000 per unit. The currency is experiencing a slow period of recovery at this time given that it has only jumped back above $46K, and according to Mike Novogratz – a hedge fund manager and crypto investor – the bitcoin plunge was the result of traders simply getting too excited about what was...

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How “Bitcoin Beach” Is Helping El Salvador with Crypto

El Zonte is known as “Bitcoin Beach.” Located in El Salvador, the town has developed a reputation as being one of the leading digital currency regions out there. The city worked to make bitcoin legal tender long before El Salvador ever decided that the currency would be utilized throughout the nation. El Zonte Is Helping El Salvador Push BTC Forward El Zonte has come to the aid of Nayib Bukele, the president of El Salvador, and is pushing the bitcoin agenda and ensuring...

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One in Every Four Americans in Favor of Legalizing Bitcoin in the US: Survey

El Salvador’s decision to accept bitcoin as a legal tender is already rattling some cages. Other small nations in the region dabble with the same idea. A recent survey from the North – specifically in the United States – showed that nearly 30% would agree to have BTC as a legal currency as well. Americans on Legalizing Bitcoin El Salvador – a small Central American nation – shocked the world in June this year when it announced it will vote to make bitcoin a legal tender...

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McDonald’s in El Salvador Will Now Accept Crypto for Big Macs

McDonald’s restaurants in El Salvador are now accepting bitcoin payments as part of the country’s push for bitcoin acceptance. The restaurant chain within the Central American nation is working with a firm called Open Node – a bitcoin payment processing enterprise – that will allow it to accept crypto payments via the Lightning Network, a system designed to permit crypto transactions off chain. McDonald’s Will Accept Crypto for Menu Items McDonald’s currently has 19...

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Volatile Week Following El Salvador’s Bitcoin Adoption and Plunge Below $43K: The Weekly Crypto Recap

It goes without saying that this has been one of the most important and also exciting weeks for Bitcoin, in general. The reason for which it was important is that El Salvador officially became the very first country in the world to formally recognize Bitcoin as a legal tender. In other words, no one is currently allowed to refuse payment in BTC, and that’s the law. The reason for which it was exciting is that it was particularly volatile. On the day El Salvador made the law...

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