El Salvador President Nayib Bukele Plans to Build First ‘Bitcoin City’
The President was Speaking at an event to mark the close of a week to promote bitcoin in El Salvador where he added that the city planned in the east of the country would get its energy supply from a volcano and would not levy any taxes except for value added tax
El Salvador President Nayib Bukele said on Saturday that he plans to build the world's first "Bitcoin City" which will be funded initially by bitcoin bonds, doubling down on the country's bet on the digital currency. El Salvador in September became the first country in the world to adopt bitcoin as legal tender.
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