JAN3 on Nostr: Two years ago, El Salvador 🇸🇻 became the first sovereign country to implement a ...
Two years ago, El Salvador 🇸🇻 became the first sovereign country to implement a nation-state #Bitcoin Strategy!
Here is what has happened since then. 👇
Let’s recap! On June 9, 2021, El Salvador's parliament approved the #Bitcoin Law. In turn. President Nayib Bukele succeeded in drawing attention to this small Central American nation.
Three months later, El Salvador became the first country in the world to adopt Bitcoin as a legal tender. 🇸🇻🍊
🍊Since then, it’s been NgU only for tourism and #Bitcoin education! 🏖️
According to government statistics, El Salvador experienced an 82.8% increase in tourism in 2022, with 1.1 million visitors, making it one of the countries with the highest tourism recovery rate in the region.
🍊 +300,000 Salvadorians have received a #Bitcoin diploma! 🙏
My First Bitcoin and other NGOs have been working tirelessly to educate as many children and adults as possible about Bitcoin's importance. (If you feel like it, go ahead and donate some sats! https://miprimerbitcoin.io/en/my-first-bitcoin/ )
🍊 Bye bye, taxes! 🤩
This past May, El Salvador 🇸🇻 cut all taxes on technology innovations and established a Bitcoin Office.
The move fulfills one of Bukele's promises of eliminating all income, property, and capital gains taxes on tech innovations. An absolute W!
🍊 "Every day, companies are calling us here at the embassy to ask us how they can transfer their operations."
- Milena Mayorga
Without taxes on innovation and with Volcano bonds 🌋 on their way, more startups are moving to El Salvador. 🇸🇻
Keep sight that, as Excellion (npub1exc…n72a) told themuzzman (npub1q3k…g0vl) , El Salvador went all in by doing everything you could possibly do to adopt Bitcoin.
🍊 Bitcoin-friendly law
🍊 Mining
🍊 Bitcoin bonds
El Salvador gana! In recent months 🇸🇻 bonds have rallied to become the performing debt instrument from developing countries.
Credit ratings have steadily improved as the Bukele administration continues to repay El Salvador's outstanding obligations. 🚀
Nayib Bukele’s #Bitcoin strategy has turned El Salvador into a beachhead for global #Bitcoi n adoption.
Two years later, nations like Bhutan 🇧🇹, Indonesia 🇮🇩, the Philippines 🇵🇭, or Honduras 🇭🇳 have started taking their first steps on this journey.
Here is what has happened since then. 👇
Let’s recap! On June 9, 2021, El Salvador's parliament approved the #Bitcoin Law. In turn. President Nayib Bukele succeeded in drawing attention to this small Central American nation.
Three months later, El Salvador became the first country in the world to adopt Bitcoin as a legal tender. 🇸🇻🍊
🍊Since then, it’s been NgU only for tourism and #Bitcoin education! 🏖️
According to government statistics, El Salvador experienced an 82.8% increase in tourism in 2022, with 1.1 million visitors, making it one of the countries with the highest tourism recovery rate in the region.
🍊 +300,000 Salvadorians have received a #Bitcoin diploma! 🙏
My First Bitcoin and other NGOs have been working tirelessly to educate as many children and adults as possible about Bitcoin's importance. (If you feel like it, go ahead and donate some sats! https://miprimerbitcoin.io/en/my-first-bitcoin/ )
🍊 Bye bye, taxes! 🤩
This past May, El Salvador 🇸🇻 cut all taxes on technology innovations and established a Bitcoin Office.
The move fulfills one of Bukele's promises of eliminating all income, property, and capital gains taxes on tech innovations. An absolute W!
🍊 "Every day, companies are calling us here at the embassy to ask us how they can transfer their operations."
- Milena Mayorga
Without taxes on innovation and with Volcano bonds 🌋 on their way, more startups are moving to El Salvador. 🇸🇻
Keep sight that, as Excellion (npub1exc…n72a) told themuzzman (npub1q3k…g0vl) , El Salvador went all in by doing everything you could possibly do to adopt Bitcoin.
🍊 Bitcoin-friendly law
🍊 Mining
🍊 Bitcoin bonds
El Salvador gana! In recent months 🇸🇻 bonds have rallied to become the performing debt instrument from developing countries.
Credit ratings have steadily improved as the Bukele administration continues to repay El Salvador's outstanding obligations. 🚀
Nayib Bukele’s #Bitcoin strategy has turned El Salvador into a beachhead for global #Bitcoi n adoption.
Two years later, nations like Bhutan 🇧🇹, Indonesia 🇮🇩, the Philippines 🇵🇭, or Honduras 🇭🇳 have started taking their first steps on this journey.