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El Salvador Offers Tax Exemptions to Bitcoin (BTC) Investors

El Salvador Offers Tax Exemptions to Bitcoin (BTC) Investors



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  1. tldr; El Salvador authorities have revealed that cryptocurrency investors in the country will not be required to pay any form of taxes on their digital asset holdings even when they make huge profits. The move is part of ongoing plans to make the nation a hotbed for foreign crypto investors. Critics have argued that making bitcoin a legal tender could make it easier for bad actors to orchestrate illicit deals.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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