El Salvador has pushed Bitcoin as the official currency, it wants to benefit from it thanks to volcanoes

It’s only been a few days since we learned that it would El Salvador he wanted to become the first country in the world to accept the cryptocurrency Bitcoin as its official currency. President Nayib Bukele can now celebrate, leading the country to this championship, with a fairly significant difference in the vote. 62 out of 84 deputies voted in favor of the proposal.

The law also brings several logical consequences. As it will be the official currency, the sale of Bitcoin will not be subject to income taxes in cases where they are not even normal currencies (a mere increase in the value of Bitcoin is not taken as capital gain). But time will tell how the Salvadorans fight against the high volatility of the cryptocurrency.

El Salvador will work with Strike to build the infrastructure for Bitcoin payments. However, he also wants to cooperate with the LaGeo company, as he would like to use the local volcanoes to obtain geothermal energy for the extraction of this cryptocurrency.

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Source: Svět hardware by www.svethardware.cz.

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