Bitcoin users will receive help to relocate and work in El Salvador: President

Bitcoin (Bitcoin) The President of El Salvador stated that holders of BTC tax-free income will receive help to stay in El Salvador.

in a tweet On June 7, Nayib Bukele stated that his government would “help” resettle foreign workers.

El Salvador: “We will help”

This announcement is one of many announcements that Bukele continues to make informally, and Bukele is now known for trying to put El Salvador in a form of “Bitcoin Standard”.

At the 2021 Bitcoin Conference in Miami last week, he told viewers in a pre-recorded video message that he would send a bill to lawmakers requiring Bitcoin to be made legal tender.

Now, as part of social media interactions with well-known cryptocurrency figures, Bukele recommends that those who wish to work in El Salvador will receive official support. Once it becomes legal tender, there will be no capital gains tax on Bitcoin income.

“We will help solve this problem,” he replied when discussing this topic with podcast host Stephan Livera.

in a Separate tweet The promise of “immediate and permanent residence of crypto entrepreneurs” appeared, which aroused the interest of TRON CEO Justin Sun and Binance CEO Changpeng Zhao.

Latin America embraces Bitcoin

As Cointelegraph ReportAt the same time, El Salvador’s plan has seen a kind of imitation in Paraguay.

Also using Twitter as a venue to promote unofficial government programs, a member of Congress hinted that Asuncion would soon announce a transaction involving PayPal.

This also received a warm welcome.

“Now Paraguay? Sovereign-level game theory is beginning to take shape, as many people have been talking about for years,” podcast host Preston Pysh (Preston Pysh) Responded.

Nevertheless, the criticism was mixed with concerns about El Salvador.The country’s political structure worries some people, while others Believe It will then ensure strong international opposition to the Bitcoin standard.

However, Bukele has promised to go beyond external pressure.

“Some powerful interest groups will try to fail this historic Bitcoin operation,” he said wrote.

“They know what it means if they succeed. It will.”, a specialized service that helps Bitcoin owners move to more attractive jurisdictions, such as Portugal, has not yet added El Salvador to its list of destinations.