El Salvador Offers No Capital Gains Tax, Permanent Residence to Crypto Entrepreneurs

El Salvador Offers No Capital Gains Tax, Permanent Residence to Crypto Entrepreneurs


Nayib Bukele, president of El Salvador, has weighed in the future of his country now that there is a formal proposal for making Bitcoin a legal tender, announcing complementary measures. Bukele mentioned yesterday on Twitter there would be no capital gains on Bitcoin earnings, and also highlighted the possibility of offering permanent residence to crypto entrepreneurs wanting to move to the LATAM country.

El Salvador to Collect No Capital Gains on Bitcoin Earnings, Offers Permanent Residence to Crypto Entrepreneurs

Nayib Bukele, President of the Republic of El Salvador, made some interesting remarks yesterday on Twitter, where he answered some concerns and questions of people involved in cryptocurrency businesses. The young politician has put the country in the media spotlight after appearing at the 2021 Bitcoin Conference in Miami, announcing he would be introducing legislation to make Bitcoin legal tender in the country.

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Bukele stated that because Bitcoin will be legal tender, there will be no capital tax gains for

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