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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