El Salvador has opened its doors to cryptocurrency investors according to President Nayib Bukele’s recent announcements on Twitter.
The country’s number one citizen said they will assist crypto holdlers who want to earn tax-free cryptocurrencies to “settle” in El Salvador.
President Nayib Bukele told attendees of the Bitcoin 2021 conference in Miami last week that he will push a bill to the country’s legislators requesting that Bitcoin be recognised as a legal means of payment.
In another tweet President Bukele appears to be wooing selling the idea of moving to El Salvador to cryptocurrency investors. Listing out the benefits they stand to gain.
“1. Great weather, world class surfing beaches, beach front properties for sale.
2. One of the few countries in the world with no property tax.
3. No capital gains tax for #Bitcoin, since it will be a legal currency.
4. Immediate permanent residence for crypto entrepreneurs.”
It looks like his plan worked as his tweet attracted some “big names” in the industry.