Topic: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 - page 58. (Read 43289 times)

Accelerate, a Salvadoran law firm promoting the bitcoin ecosystem 
  Accelerate offers legal services for starting a technology business, and also advises entrepreneurs who wish to obtain a residence permit in the country.  With the advent of new regulations governing the use of new technologies in El Salvador, there is a need for firms that will provide specialized advice to companies and entrepreneurs seeking to operate within this legal framework.
  In this context, Alejandro Muñoz, a Salvadoran lawyer and notary with a background in technology and leading teams of experts in the field, decided to found Accelerate, a company that provides comprehensive support to crypto and software investors who come to El Salvador motivated by the opportunities offered  country.
  “We saw the need to create a private investment advisory office and to accompany such an investor who comes to El Salvador and we help him at all stages to register his company, obtain a residence permit and apply for  in accordance with the Technological Innovation Law,” he added.
    Since June of this year, Accelerate has been offering legal services for starting a business, as well as advising entrepreneurs who wish to obtain a residence permit.  It also supports the process of obtaining licenses for bitcoins and digital assets.
  Munoz said they have received many inquiries from residents and companies that hope to operate in the area.  They currently work with major crypto companies such as digital asset providers, bitcoin exchanges, payment gateways and wallets.
  “We have had over 100 residence permit applications and support 30 people who have already made the decision to live here.  We also work with leading global companies.  There are 12 new companies, some of which were already in the country and came to work with us because of their specialization, so there are already 20,” he said.

  On the other hand, he mentioned that his team is made up of experts in every service they offer and specializes in technology projects. 
They can be contacted through the www.acceleratesv.io website or via social media.
Accelerate can help you move to Bitcoin Country 👇 https://t.co/73GqBf2ftI
🇸🇻

What ?

I read today that El Salvador has now become the safest country in Latin America, and these are impressive results in such a short time. In 2024, El Salvador will host Miss Universe and also El Salvador has beautiful beaches where the World Champions of Surfing took place, all this will contribute to the visit of tourists to the country. The pace of development in El Salvador is really impressive.

The fight against gangs has really yielded a lot of results because El Salvador has experienced fewer gang crimes in recent times. But it has also come with a price. Many people have also been illegally imprisoned and it has also led to overcrowding of the prisons. Mass trials of suspects is not also the best form of legal procedure because each of these suspects should be tried differently for them to get a fair hearing. Nevertheless, Bukele's anti-gang policy has yielded some results which will make tourists feel more secure to visit El Salvador.

If El Salvador maintains the momentum of the enforcement of the bitcoin-project masterplan, it will make the nation the number one destination of Bitcoin enthusiasts. The tourism sector has been the mainstay economy of many countries of the world, so it will be an alternative source of income for the country. The bitcoin volcano project will also promote tourism and also create infrastructures, and employment, and promote revenues.

When copying the data, you must be careful not to mix up the numbers, because at first glance I noticed that Portugal's GDP is not correct, simply too little for a country in the west of the EU.

Furthermore, if we look at the data from previous years, we can see that the Swiss GDP has changed only a little less compared to 2021, while the Portuguese one is quite uniform except for 2020, which was a pandemic year. Panama has some $10 billion more than before the pandemic, but can this be attributed to the fact that trading with BTC is not taxed in those countries?

https://tradingeconomics.com/switzerland/gdp
https://tradingeconomics.com/portugal/gdp
https://tradingeconomics.com/panama/gdp

El Salvador has indeed become the centre of epic tourist attraction and the dream tourist location for most travellers who are looking for a destination to freely spend their Bitcoin and have some fun at the same time, since El Salvador's Bitcoin adoption in 2021, it has become a foundation for wider awareness of the most lucrative revenue generating sector in El Salvador which is tourism business and with eh flexibility of Bitcoin as payment which makes financial transactions to be seamlessly fast without haven't to go through the rigorous process of the traditional financial system.

So with that, El Salvador has become the top choice for tourists, and if the Bitcoin City and the volcano power project become 100% completed, that will also open up more opportunities to both El Salvadorians and visitors who will be choosing that location for their visits.

Now @nayibbukele will not only continue to preserve nature and Bitcoin in El Salvador, but he will also continue to work to eradicate gangs that are very disturbing in El Salvador. Because when a country is filled with gangs that cause riots, of course nature or tourism lovers will not dare to enter the country to enjoy the natural beauty that is there, as well as the closest investors who might want to invite cooperation with El Salvador.

This means that any disturbances that prevent the country of El Salvador from developing will always be handled by @nayibbukele as reported by aljazeera.com in the past five days where there are 900 suspects who will be tried under the new law. https://www.aljazeera.com/news/2023/7/26/el-salvadors-congress-votes-to-allow-mass-trials-in-gang-crackdown

Considering EL Salvador as an idol, three countries in the world have already accepted Bitcoin as tax free. Their GDP has already increased several times compared to other years.



Switzerland's GDP is $800B
Portugal's GDP is $63B
Panama's GDP is $257B

Source: https://twitter.com/satoshimoneybtc/status/1685020567471357952?t=EzEvEzrmhpXnZzwM6CBJ-g&s=19

The opportunities of El Salvador drew the attention of the international corporation StartupBootcamp (SBC) - a large global firm that focuses on supporting and stimulating various technology start-ups around the world by accelerating their growth.
 Specifically, StartupBootcamp is looking to invest up to $3.5 million to develop Salvadoran startups that will be able to apply for participation in a general competition the firm will launch shortly that will select 30 such startups.
International firm will invest $3.5 million in Salvadoran startups
Overall, StartupBootcamp's director of global investment notes that one of the things that have caught the firm's attention is the various pieces of legislation that have been passed in the country over the past two years.  Including the passage of the Bitcoin Law in 2021 and the passage of the Assets Law.  Incentive program for digital technologies and technology companies approved this year.
  To apply for the support that the firm will provide, startups must dedicate themselves to development in certain areas such as web 3.0 based on blockchain technology, financial technology (Fintech), energy, travel and tourism, agritech and foodtech, or proptech (market-oriented technologies).  real estate sector).
 To date, according to StartupBootcamp on its website, the firm has helped accelerate the growth of 1,494 startups worldwide, by providing up to €1.5 million in funding and creating up to 6,679 jobs in these tech companies.
 According to the director, the firm he represents is putting some of the money into funding the startup accelerator program, but notes that there are third-party investors who also support, among which there are important international banking institutions and large multinational companies such as Vodafone, Microsoft, Google or Airbus Group.
 According to the director of global investment, the program in the country could start later this year, after completing the last three months and the selection process of the technology companies they apply.

Known as the world's number one Bitcoin City, El Salvador has already achieved incredible success in launching educational programming on Bitcoin. Their educational program was launched with the world's leading Bitcoin experts and specialists on Bitcoin Lightning and Blockchain. 21 out of 34 students completed programming under the CUBO+ educational program with dozens of Bitcoin elites and experts.
The most important contributors behind the success of this program were El Salvador President Nayib Bukele, Presidential Adviser Bitcoin Volunteer Stacy Herbert, World Experts Jimmy Song, Lisa Neigut had an important role.
21 brilliant students and developers from the CUBO+ program who have completed the course are being offered employment. They are already getting job offers from some of the biggest companies in the world, Strikes, Bitfinex, hardware wallet maker K1, bitcoin wallet provider Blink, and payment processor company Tiankki.
However, Plan-B educational programming will be launched next October with Salvadoran youths. Experts opine that this programming has an incredible opportunity for Salvadoran youth.

Information taken : https://www.forbes.com/sites/digital-assets/2023/07/26/how-el-salvador-is-investing-in-bitcoin-education/?sh=774f2d344854

"Latinobarometer 2023" has implemented a survey project to express people's opinions on the popularity of the presidents of various Latin American countries, public trust, establishment of good governance, ensuring public security, evaluation of public values, ability to control crime, evaluation of the overall situation of the country, etc. in which El Salvador's President Nayib Bukele is at the peak of popularity. for himOpinion polls show that 90% of opinion polls are in favor of him and 7% of opinion polls are against him. He is trusted by the public for his many contributions to various welfare works, especially establishing good governance, digitizing Salvador, establishing Bitcoin City, Mega Crime/Gang control, reducing criminal activities.

Try to always be on point @Popkon6, what JayJuanGee was asking wasn't what you're giving, he's not asking to tell more on the article because members have already discussed on it on previous pages, he's only making a correction that you are posting a stalled article and without a reference date if am correct, now i don't expect you to continue with argument or explanation than to accept the wrong and move on, don't show us here that maybe you stand not to be corrected, let's always bring in verified news that have new discussion ethics and not resurrecting old and dead news already treated except if something nee is also coming out from that perspective.

Yes, I admit this news is very old this news reflects on 12th January 2023. Although the news is old, El Salvador has reaped substantial benefits since the inception of this "volcano bond" law. Because El Salvador has become one of the most popular countries in the world since adopting Bitcoin. And most of all, they have found one of the ways to pay their debts through cryptocurrency. But the country of Salvador is largely self-sufficient, using volcanic bonds.

The next Presidential elections will be in 2024 and Bukele is contesting, thanks to the amendment of the constitution that allows a sitting president to have two consecutive terms. Hopefully, he will win and get another five years. That means a new president will have to wait for six years to take over from the current president. Nobody knows the future but two things might happen. The new president might have seen the positive impact of Bitcoin on the country and decided to follow the footstep and plans of the current administration. But if he is a puppet of these anti-bitcoin forces, he might decide to do their bidding and make unfriendly policies. Until then, let us keep celebrating the landmarks of Bitcoin in El Salvador.

Taking the right decision at the right time can lead to success Nayib Bukele's bitcoin adoption strategy remains a living proof. Nayib Bukele's country was not economically prosperous. Moreover, he took decisions when other heads of state ignored them. Bitcoin price also started to fall drastically. But Nayib Bukele did not budge at all from his position. Overcoming all obstacles, today his country is the first country in the world to legalize Bitcoin. The country will now gradually reach a higher peak of prosperity. If the heads of each country are technologically minded, they will soon allow Bitcoin as legal tender in countries like El Salvador.

They probably won’t back down anyway, but if El Salvador gets another president that isn’t as loyal to bitcoin, then they might start moving in a different direction and it won’t be good, they might just lose the first mover advantage they have now.

In any case, improvements in the country are noticeable, and it must be taken into account that this is happening now, when the entire world economy is not in the best condition, few countries can develop in such a situation, such difficult times just need to wait out.

Your news-piece post is a bit misleading because you failed/refused to provide a date in regards to your cited article that was written more than 6 months ago...

If you had provided the date, then there still may well be a need to say why you are mentioning the 6-month old information now?  To reemphasize it?  to proclaim that it was something that was missed (or under emphasized earlier). or is it something that you want to talk about (while acknowledging that it is more than 6 months old).

Bitcoin is a chance for most countries. He who evaluates it and waits patiently will receive his reward as a result. El Salvador is one of these countries. I have no idea about the elections, but whatever El Salvador's decision, they should not give up on Bitcoin. They say that Bukele has a chance to stay in the presidency. If this happens, El Salvador may go down in history as a country that will witness the development of Bitcoin closely.

It is a great chance to use Bitcoin legally in many areas. All countries will take advantage of this chance in the near future. There may be many obstacles, but Bitcoin will continue on its way with sure steps.

Social polls often do not match the real results in elections, but it still seems to me that Bukele has a very good chance of remaining in the presidency.

I don’t know about tourists, their number may increase in El Salvador when Bitcoin City is built, the new airport will also contribute to this, but for now the situation will remain approximately stable. And even if it happens that El Salvador has a new president after the elections, which I doubt, the legal framework will remain the same and tax incentives for tech companies will remain, which will also contribute to the development of the economy.

And another 5 years should be enough to understand how much the population will use bitcoin. Now, many say that a few years is not enough and El Salvador is a pioneer, it is always more difficult for them, this is also true.

It showed, that El Salvador legislative really mean well for cryptocurrency and Bitcoin users in the country by giving the users protection for any kind of Bitcoin and cryptocurrency transaction in the country which is a sign of good government in the land. I think, this new law will definitely increase the number of Bitcoin and cryptocurrency investors in the country because the government has put some law that will guide their citizens not to be scared about their debt at the moment than to create a room for the repayment of their debt so that they will not run alway to unknown location. I believe, issues of debt repayment will be eliminate this time because people will no longer find it difficult to get the money to solve their debt in the country.