Latin American Romance: El Salvador bought 21 bitcoins on December 21 21 of the 21st century

The government of El Salvador announced the purchase of 21 more bitcoins. The country's President Nayib Bukele explained,that I wanted to celebrate the last 21st day of the 21st year of the 21st century. The number was not chosen by chance - after all, the emission of bitcoin is limited to 21 million coins.

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Bukele added that he made the purchase at 21:21:21.And also the area of ​​El Salvador is 21,000 km2. Such is the magic of numbers, the president said. All this is not accidental. The last investment cost the government $ 1,036,000.

For the first time, Salvadoran authorities bought Bitcoin 7September. On that day, a law recognizing Bitcoin as a legal means of payment came into force. Then Bukele reported the purchase of the first 400 bitcoins. The government of El Salvador each time tried to purchase goods from the strait, thereby saving considerable amounts. The latest purchase came after the Black Friday crypto sale.

Buying your first cryptocurrency is part of the plan,which was approved by the government shortly before the entry into force of the new law. A $ 150 million Bitcoin fund will be used to facilitate the conversion of BTC to US dollars.

After the entry into force of the law on recognitionbitcoin as a means of settlement, prices in El Salvador can be set in bitcoins, taxes can also be paid in the first cryptocurrency. There is no capital gains tax on exchanging bitcoin for fiat currency, and bitcoins can be exchanged for dollars at market rates. All businesses in the country are required to accept the first cryptocurrency.

Despite criticism from citizensEl Salvador, individual representatives of the crypto community and the IMF, Bukele is confident that the entry into force of the law recognizing Bitcoin as a legal means of payment has had a positive impact on the country’s economy and will potentially bring many more benefits to El Salvador.

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