The president of El Salvador tweeted that they will be giving “immediate permanent residency” to bitcoin entrepreneurs who invest in the country.
1. Great weather, world class surfing beaches, beach front properties for sale.
2. One of the few countries in the world with no property tax.
3. No capital gains tax for #Bitcoin, since it will be a legal currency.
4. Immediate permanent residence for crypto entrepreneurs. https://t.co/j3eugJQCMd
— Nayib Bukele 🇸🇻 (@nayibbukele) June 6, 2021
This is a truly exciting prospect especially right now, as most other countries are moving the other direction.
Will they succeed in turning El Salvador into a decentralized technology innovation hub and financial center? Can it become the Hong Kong of the western hemisphere?
We are going to give them the benefit of the doubt and support this move fully!