Taxes elimination on technology innovations in El Salvador will attract more international investors

Nayib Bukele rewriting history by making El Salvador the first country to make bitcoin legal tender. The president of El Salvador distance itself from IMF and making bitcoin the country financial system to fight hyperinflation. However, El Salvador resilience on crypto as financial means is controversial, that made IMF sent a strong notice that the country too resilience on bitcoin will create a big mess, but crypto adoption in the country was not wind down instead Bukeye continue to expand and restrategizing its bitcoin investments and build an volcano bond to reduce the risk that may come.

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Bitcoin is in use in all street in El Salvador, and it becomes mass adoption for the country as small business start accepting bitcoin as mode of payment. Bitcoin as legal tender in the country has now brings in growth for business and in efforts to attract more international investment, President Nayib Bukele is currently eliminating taxes on business incomes and taxes on technology innovations in order to encourage and bring more business in the street of El Salvador.

This recent actions by President Bukeye is to draw international Investors to the country of El Salvador to set up a shop and operate under new economic system.

The entrepreneurs will see the country as business hub that encourage the growth of business and technology Innovation.

Bukeye is kind of man needed to drive crypto adoption to the world, it strategy of promoting technology development with crypto is highest level, and that is exactly what people are demanding, a country like el Salvador that can gives the citizens freedom through financial system.

I believe the world is changing and the way our financial system is turning upside, the world need an alternative system like crypto to fight inflation and regulate our economy.

To build a new system that is what president of El Salvador is doing, taking all measures to reinvent El Salvador in other ways when other countries see adoption of cryptocurrency as threat to their system, Bukeye making use of it to counter those threat.

El Salvador using Bitcoin to fight against corruption, terrorism that has impacted the country economy badly, along with the establishment of the National Bitcoin Office and the promotion of tourism to boast country economy and also to attract international visitors. International business operations in El Salvador will be one of the biggest goal of the country and it will help the economy of the country and home for technology Innovation.

However, the country is now using Bitcoin to positioning itself as business hubs and destination for people to do their business with no taxes on technology and innovation.

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