Bitcoin (BTC) hodlers who want to earn BTC tax-free will get help to stay in El Salvador, the country’s president has said.
In a tweet on June 7, Nayib Bukele said that his government would “help” settle foreign workers.
El Salvador: “We’ll help with that”
The announcement is one of many which continue to come informally from Bukele, now famous for attempting to put El Salvador on a form of “Bitcoin standard.”
At last week’s Bitcoin Conference 2021 in Miami, he told the audience in a prerecorded video message that he would send a bill to lawmakers demanding that Bitcoin be made legal tender.
— Nayib Bukele (@nayibbukele) June 5, 2021
Now, as part of social media engagement with well-known cryptocurrency figures, Bukele suggested that those wishing to travel to work in El Salvador would get official support. Once made legal tender, Bitcoin income would not attract capital gains tax.
“We’ll help with this,” he replied while debating the topic with podcast