El Salvador, which became the first country to legalize Bitcoin in September last year. It is currently focusing on building a “Bitcoin City”, which has had several delays and disruptions since it was announced last year. This was due to sluggish investment, bear market effects and political tensions.
Cointelegraph journalist Joseph Hall contacted Héctor Enrique Celarié Landaverde, Deputy Ambassador of El Salvador to the Netherlands. to ask for in-depth information about the country’s progress on the aforementioned projects
Landaverde said the government was working on the principle. “First come, first serve”, where businesses that invest faster will receive better profits.
“El Salvador’s dream is to have a Bitcoin City to make our society bigger and stronger. We are trying to attract more investment in this area so we can develop these communities.”
Deputy Ambassador Says Domestic BTC Use Definitely Affects And he also invited people to come to the country to see how BTC is changing lives.
The iconic Bitcoin city was announced in November last year. Part of it will be funded by the sale of $1 billion in Bitcoin volcano bonds. However, there have been several delays in the past and a bearish downturn has created uncertainty.
Last month, Paolo Ardoino, chief technology officer at Bitfinex, said they were awaiting government licenses. This will be received after the passage of the digital securities law, set forth in September. However, there has not been any update on the mid-October launch of Bitcoin bonds.
El Salvador Is Focusing On Attracting Investment To A “Bitcoin City” : El Salvador’s Deputy Ambassador to the Netherlands Appears first on Bitcoin Addict.