Moving ahead into this strategy, Bukele believed in winding down tax requirements as a means to expedite technological development. As promised, on April 1, Bukele officiallya bill to Congress — effectively eliminating all income, property, and capital gains taxes on technology innovations “such as software programming, coding, apps and AI development; as well as computing and communications hardware manufacturing.
Supporting this initiative is the establishment of the Bitcoin office, a regulatory body for conducting joint initiatives with Bitcoin entrepreneurs and companies. According to Asociación Bitcoin de El Salvador , ONBTC aims to “position the country in the world as a technological and economic power.”
There is no 'and...' when measuring a timechain.
Are they the first to do it? Grats anyw!!
El Salvador, the first country to establish Bitcoin as a legal tender, has decided to eliminate all taxes on technology innovations. The move runs parallel to establishing the National Bitcoin Office (ONBTC) of El Salvador, also known as “the Bitcoin office.“
Bullish, how could it be any other way?
This country is only getting better
Yup, bullish for 'em!
I think more countries should do the same, or at least provide really good conditions.
A country that cultivate good innovative environment is a good country.
I'd say it's bullish not only for Bitcoin and crypto, that's a great plan for all technoligies.
Organic Community Growth Massive liquidity and burns Zero Tax, Zero BS, All Heart.
Bullish 💰🚀🔥
That's the way to go, opening doors to become the new silicon valley 💯
Entry in $OHMI ✅📈 0/0 taxes | NFA $HOBBES $IC
Paradise? ElSalvador Bitcoin
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