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Bond issuances to fund first 'Bitcoin City' in El Salvador

El Salvador plans to build the world’s first “Bitcoin City,” funded initially by bitcoin-backed bonds, Salvadoran President Nayib Bukele said on Saturday, doubling down on his bet to harness the cryptocurrency to fuel investment in the Central American country. Speaking at an event closing a week-long promotion of bitcoin in Mizata, El Salvador, Bukele said that the city planned in the eastern region of La Union would get geothermal power from a volcano and not levy any taxes except for va...
La Union La Uniós El Salvador United States Departamento De La Libertad Nayib Bukele

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