Cryptocurrency News

Will help bitcoin users move and work in El Salvador: President

bitcoin (B T c) The country’s president has said that those who want to have BTC tax-free will help them live in El Salvador.

In Tweet On June 7, Nayib Bukele said that his government would “help” the foreign workers to settle.

El Salvador: “We will help with this”

The announcement is one of many that continues to come unofficially from Bukele, who is now famous for attempting to hold El Salvador as the “Bitcoin standard”.

At last week’s Bitcoin Conference 2021 in Miami, he told viewers in a pre-recorded video message that he would send a bill to lawmakers seeking to make bitcoin legal tender.

Now, as part of a social media engagement with well-known cryptocurrency figures, Bukele suggests that those wanting to travel to work in El Salvador will receive official support. Once it becomes legal tender, capital gains tax will not be levied on bitcoin earnings.

“We’ll help with that,” he replied, debating the topic with podcast host Stephen Livera.

In separate tweet came the promise of “immediate permanent residency for crypto entrepreneurs,” a move that drew interest from Tron CEO Justin Sun and Binance CEO Changpeng Zhao, among others.

Latin America Adopts Bitcoin

as Cointelegraph Reported, meanwhile, a form of imitation by Paraguay has already been observed in the El Salvador plan.

Similarly, still using Twitter to promote unofficial government schemes, a congressman indicated that a deal involving PayPal would be announced soon by Asuncion.

This too was warmly welcomed.

“Now Paraguay? Sovereign-level game theory has begun to take shape as has been talked about for many years,” said podcast host Preston Pisch. reacted.

Criticism for El Salvador is still mixed with concern. The political structure of the country has worried some, while others have Believe That an international response to a bitcoin standard would later ensure.

However, Bukele has already promised to rise above outside pressure.

“Some powerful interests will try to sabotage this historic bitcoin move,” he said. wrote.

“They know what it means if it succeeds. It will.”

A dedicated service helping bitcoin owners move to more lucrative jurisdictions like Portugal,, has yet to add El Salvador to its list of destinations.