TechFlow News — Salvadoran President Nayib Bukele fulfilled his promise made at the 2021 Bitcoin Conference in Miami, officially submitting a bill draft to Congress that would make Bitcoin legal tender in the country. Specifically, goods may be priced in Bitcoin; taxes can be paid in Bitcoin; Bitcoin transactions will not be subject to capital gains tax; the U.S. dollar will remain the reference currency for Bitcoin pricing; all economic agents must accept Bitcoin as payment; and the government will provide alternative solutions to enable cryptocurrency transactions. The bill also notes that 70% of El Salvador's population lacks access to financial services, and the national government will promote necessary training and mechanisms to allow people to use cryptocurrencies.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
