El Salvador Will Build a $1-Billion ‘Bitcoin City’ with Almost No Taxes That will be powered by a volcano.
The central American country already made global headlines earlier this year, when it became the first nation to recognize Bitcoin as legal tender. Earlier this month, President Nayib Bukele declared that the country was building schools from the profits it had generated from Bitcoin so far. Amidst media reports about the hasty implementation of the cryptocurrency, the government has now unveiled another bold move, building an entire city using money generated with Bitcoin.
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