Nayib Bukele, the Bitcoin-friendly president of El Salvador, said at a Bitcoin investment summit on Saturday that his country plans to build the first “Bitcoin City”. The city will be located in the eastern department La Unión, between the municipalities of La Unión and Conchagua. The initial costs for developing the so-called “Bitcoin City” will be funded at the outset by the issuance of Bitcoin-backed billion-dollar bonds in 2022.
Bitcoin maxi Bukele appeared in person to deliver his address at…El Salvador Is Planning To Build A Tax-Free Bitcoin Utopia Using Volcanic Power
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