El Salvador President Nayib Bukele has announced that the country is planning to build the world’s first “Bitcoin City”. The new city is planned to be developed in the eastern region of La Union and will be initially funded by bitcoin-backed bonds. It would get geothermal power from a volcano. Bitcoin City will not levy any taxes except for value-added tax (VAT). One half of this VAT levied will be used to fund the bonds issued to build the city and the next half would be used to pay for services such as garbage collection.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Important takeaways for all competitive exams:
The Department of Telecommunications (DoT) has introduced measures to tighten the enforcement on the maximum…
As rivers frequently change their channels, destroy lands around themselves and can even disappear from…
Grandmaster Pranesh M, the young chess talent from India, has claimed victory in the Kanizsa…
Andhra Pradesh State government gives its approval for establishing green artificial intelligence data centre in…
Saudi Arabia, Türkiye and Pakistan signed the Makkah Joint Defence Agreement (MJDA) at Al-Safa Palace…
Mitchell Starc, left arm fast bowler of Australia, has managed to enter the record books…