El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻

[Luzin]

It's interesting information from searching result, that surprising me too, is that most countries tend to apply higher capital gain tax % if you hold your cryptocurrency < 1 year, than > 1 year.
https://www.jurishour.in/columns/crypto-tax-across-the-world/

They have the right to regulate for this matter. Taxes are the country's financial resources, but indeed most countries do not regulate them in detail. I've read that japan has strict tax rules on crypto but they facilitate crypto well. My own country has a direct crypto tax deducted from transactions in domestic exchanges. But if it is abroad, taxpayers must report independently. I don't understand for sure but the amount of taxes also affects the conditions of crypto development.

So with a small tax it may be more attractive for new users. There may even be users who switch countries to avoid large taxes. As long as there are no standard rules for the world, I don't think there will be any definite provisions. But right now I'm happy that this condition shows that the world pays more attention to crypto, one of the proofs of which is through taxes.

[Gallar]

It's interesting information from searching result, that surprising me too, is that most countries tend to apply higher capital gain tax % if you hold your cryptocurrency < 1 year, than > 1 year.
https://www.jurishour.in/columns/crypto-tax-across-the-world/

They have the right to regulate for this matter. Taxes are the country's financial resources, but indeed most countries do not regulate them in detail. I've read that japan has strict tax rules on crypto but they facilitate crypto well. My own country has a direct crypto tax deducted from transactions in domestic exchanges. But if it is abroad, taxpayers must report independently. I don't understand for sure but the amount of taxes also affects the conditions of crypto development.

So with a small tax it may be more attractive for new users. There may even be users who switch countries to avoid large taxes. As long as there are no standard rules for the world, I don't think there will be any definite provisions. But right now I'm happy that this condition shows that the world pays more attention to crypto, one of the proofs of which is through taxes.

In a country that has a tax system, of course things that can generate income must have taxes, as well as crypto. So I personally don't feel strange about such a policy, because we live in a country, which of course we cannot escape from its rules, and including taxes. But even so, taxes can certainly be said to have a slightly controversial side, because how can the government seize people's money under the pretext of taxes. But again, we can't do anything because of the people when it comes to this, so as long as the tax amount is not too large, it's better not to worry about it.

But after I read the site you embedded, I was a little surprised when I saw that El Salvador did not impose any taxes on its people who had bitcoin. I think this adds to El Salvador's good image in the crypto world. This is certainly the impact of El Salvador's adoption of bitcoin, which of course brings fresh air to bitcoin lovers in the country. So hopefully El Salvador's policy will be followed by other countries.

[Vip 75]

Students in 🇸🇻 El Salvador learning how to use self-custodial Lightning wallets 🙌

https://www.talkimg.com/images/2025/04/20/xqezH.jpeg

https://x.com/BitcoinNewsCom/status/1913309086999056887?t=8vJwWAGdyuRMErMBuWBzHQ&s=19

[Popkon6]

Most Bitcoin businesses in El Salvador quietly vanish from the market

El Salvador’s big bet on Bitcoin has hit a snag: nearly all the crypto firms it registered aren’t actually playing by the rules.
Bitcoin service providers registered in El Salvador are not operating, according to a recent report by El Mundo, which cited data from the Central Reserve Bank, showing that out of 181 companies officially registered to offer Bitcoin services in the country, 161 are marked as “non-operating.”

That’s about 89% of the total. Only 20 firms are still active. These include the government-backed Chivo Wallet, among others.

https://crypto.news/most-bitcoin-businesses-in-el-salvador-quietly-vanish-from-market/

Bitcoin-centric businesses in El Salvador are quietly disappearing because they do not follow the rules, because it is normal for them to face losses in their business. Of the 181 companies that are doing business in El Salvador following the rules, 20 companies are surviving because they have followed the rules thoroughly.
We generally know that due to irregularities you can face danger anywhere, whether it is in your health, in your business, or in transactions. In any case, we will have to face danger immediately if we follow the irregularities. However, from here, 161 were identified as non-compliant.

If Bitcoin businesses in El Salvador can operate properly by following the rules and regulations, they will definitely survive. Because El Salvador's President Nayib Bukele, he is very quick to respond to any problems of Bitcoin businesses and people, and is ready and learning to take any steps to educate them about Bitcoin. However, Bitcoin business-centric businesses are facing danger due to not following the rules. It is the laziness of every business owner that is causing them to disappear silently.

[DaNNy001]

Students in 🇸🇻 El Salvador learning how to use self-custodial Lightning wallets 🙌



https://x.com/BitcoinNewsCom/status/1913309086999056887?t=8vJwWAGdyuRMErMBuWBzHQ&s=19

Anytime I see news like this about El Salvador it just make me happy and appreciate how far the government have shown and proven to the rest of the haters nation that Bitcoin is certainly not what they are all tagging it to because since upon declaring Bitcoin a legal tender in the nation I believe the country itself have benefited largely and have shown the world that Bitcoin is indeed a currency and other government too implicated this.

[Luzin]

Most Bitcoin businesses in El Salvador quietly vanish from the market

El Salvador’s big bet on Bitcoin has hit a snag: nearly all the crypto firms it registered aren’t actually playing by the rules.
Bitcoin service providers registered in El Salvador are not operating, according to a recent report by El Mundo, which cited data from the Central Reserve Bank, showing that out of 181 companies officially registered to offer Bitcoin services in the country, 161 are marked as “non-operating.”

That’s about 89% of the total. Only 20 firms are still active. These include the government-backed Chivo Wallet, among others.

Actually, Bukele is very good at planning the Bitcoin program. He has been thinking visionary for the future. I think we must understand that adoption is not as easy as cooking instant noodles. I think this condition is normal, a person who tries will definitely encounter many problems and obstacles. This condition will strengthen Bukele's and the government's intuition to carry out new policy transformations to overcome this problem.

So I don't think it's a big deal, it's just that Bukele has to come up with a solution to address this problem and later Bitcoin adoption is successful for El Salvador. Although in the process I have been following the news that El Salvador is always trying to fix or remove programs that are considered ineffective and find new solutions.

[SilverCryptoBullet]

Students in 🇸🇻 El Salvador learning how to use self-custodial Lightning wallets 🙌



https://x.com/BitcoinNewsCom/status/1913309086999056887?t=8vJwWAGdyuRMErMBuWBzHQ&s=19

It's another good initiative in El Salvador but I hope that they know of following resources that can help their educational initiative on Bitcoin Lightning Network and not only Lightning Network. They can expand it to Bitcoin side-chain solutions.

Bitcoin Lightning Network information and resources.
Sidechain Observer - Projects & current state of development

[fredericktaylor]

El Salvador Works With Nvidia To Develop Sovereign AI Infrastructure

El Salvador, the first country in the world to adopt Bitcoin as legal tender, is working with the computer chip giant Nvidia to implement artificial intelligence for national development
source: https://www.zerohedge.com/crypto/el-salvador-works-nvidia-develop-sovereign-ai-infrastructure

[_BlackStar]

-snip-

Actually, Bukele is very good at planning the Bitcoin program. He has been thinking visionary for the future. I think we must understand that adoption is not as easy as cooking instant noodles. I think this condition is normal, a person who tries will definitely encounter many problems and obstacles. This condition will strengthen Bukele's and the government's intuition to carry out new policy transformations to overcome this problem.

So I don't think it's a big deal, it's just that Bukele has to come up with a solution to address this problem and later Bitcoin adoption is successful for El Salvador. Although in the process I have been following the news that El Salvador is always trying to fix or remove programs that are considered ineffective and find new solutions.

His entrepreneurial spirit shines through in how he tries to make a strategic approach to adopting bitcoin as a legal tender. I'm not sure many other Presidents would dare to do that - but adopting bitcoin as a legal tender is not something that every country can easily do. El Salvador may be different from other European and Asian countries - so one should not follow suit completely without considering the various positive and negative impacts.

But now - El Salvador has moved forward and they welcome the growth of the bitcoin market. Many investors want to work with them in building various infrastructures and businesses - so now El Salvador can be proud of its good approach to bitcoin. I think El Salvador has an easier time adopting bitcoin than most other countries - El Salvador doesn't have its own fiat currency, unlike most other countries.

[LDL]

El Salvador Works With Nvidia To Develop Sovereign AI Infrastructure

El Salvador, the first country in the world to adopt Bitcoin as legal tender, is working with the computer chip giant Nvidia to implement artificial intelligence for national development
source: https://www.zerohedge.com/crypto/el-salvador-works-nvidia-develop-sovereign-ai-infrastructure

El Salvador President Nayib Bukele has taken several effective steps since declaring Salvador a Bitcoin City, some of which have been implemented and others are on the way to being implemented. One of the main objectives of the recent collaboration between EL Salvador and NVIDIA is to develop EL Salvador in the artificial intelligence sector and enrich the country with a technology-based economy.

The president wants his country, El Salvador, to establish a digital currency and establish his country as a technology hub. From this point of view, if his country becomes particularly developed in the technology sector, then the people of his country will go far ahead in terms of technology and the people of the country will get special benefits in terms of employment. This collaboration between El Salvador and the artificial intelligence company Nvidia is mainly for this purpose.

[Bluebird1357]

It's interesting information from searching result, that surprising me too, is that most countries tend to apply higher capital gain tax % if you hold your cryptocurrency < 1 year, than > 1 year.

In fact, the government determines the tax based on how it sees the lower capital gains tax that will be levied if the investment is held for a year or more. The government's objective here is to inform people about the benefits of long-term investment and create a stable and permanent long-term investment structure by reducing the risk for investors, so that the government can encourage the people of the country to invest more in cryptocurrency and make crypto or Bitcoin more acceptable in the world. As a result, the government can complement it according to the needs of investors.

One thing to note here is that different countries have different capital gains taxes for investors over one year, and this shows which country is crypto-friendly and they not only say it but also prove it by their actions. For example: - In America, if you keep an investment for more than one year, the tax as long-term capital gains can be 0%, 15% or 20%. It actually decreases or increases based on the total income of the customer. Again, in Canada, there is no specific mention of one year, but the holding period and user intention are used to decide whether the tax will be lower or higher. Again, in Indonesia, there is no much exemption for short term or long term separately, but it is heard that the government will take holding into consideration in the future. Again, there are some countries that do not pay capital gains tax, such as: Singapore, Malta.

[hero_the_bossman]

El Salvador Works With Nvidia To Develop Sovereign AI Infrastructure

El Salvador, the first country in the world to adopt Bitcoin as legal tender, is working with the computer chip giant Nvidia to implement artificial intelligence for national development
source: https://www.zerohedge.com/crypto/el-salvador-works-nvidia-develop-sovereign-ai-infrastructure

Interesting to see what officials would learn from the AI, and what exactly that AI will teach them..

[shield132]

El Salvador Works With Nvidia To Develop Sovereign AI Infrastructure

El Salvador, the first country in the world to adopt Bitcoin as legal tender, is working with the computer chip giant Nvidia to implement artificial intelligence for national development
source: https://www.zerohedge.com/crypto/el-salvador-works-nvidia-develop-sovereign-ai-infrastructure

Interesting to see what officials would learn from the AI, and what exactly that AI will teach them..

AI makes everything easier and saves you tons of time. I'm using AI in UI/UX design go generate new ideas for me, to create personas and then test my design on them. I also use AIs like Vercel and Lovable to code my Figma works because I don't know coding. AIs are getting better and better, it's a very smart step for El Salvador to focus on AI technologies and collaborate with Nvidia.
AI will speed up everything. It will help officials, students and lecturers to generate new ideas, to accelerate growth and development and to make things more perfect. AI has a huge potential like Bitcoin and blockchain technologies, El Salvador is on the right path.

[ultrloa]

El Salvador Works With Nvidia To Develop Sovereign AI Infrastructure

El Salvador, the first country in the world to adopt Bitcoin as legal tender, is working with the computer chip giant Nvidia to implement artificial intelligence for national development
source: https://www.zerohedge.com/crypto/el-salvador-works-nvidia-develop-sovereign-ai-infrastructure

Interesting to see what officials would learn from the AI, and what exactly that AI will teach them..

Truly amazing knowing how innovative the government of El Salvador and its kinda rare to see a government officials taking a bold move to adopt on the latest technology. So far the news we could see right now is tariff troubles engage by some countries. But El Salvador is enriching their selves also their country to benefit from AI thing and became an advance country in future.

This is the effect for electing the right leader since they would do what's best for their country without creating any troubles. President Bukele actions and decisions is really commendable since with all efforts he made for sure that he can place his country in better position in future.

[madnessteat]

AI makes everything easier and saves you tons of time. I'm using AI in UI/UX design go generate new ideas for me, to create personas and then test my design on them. I also use AIs like Vercel and Lovable to code my Figma works because I don't know coding. AIs are getting better and better, it's a very smart step for El Salvador to focus on AI technologies and collaborate with Nvidia.
AI will speed up everything. It will help officials, students and lecturers to generate new ideas, to accelerate growth and development and to make things more perfect. AI has a huge potential like Bitcoin and blockchain technologies, El Salvador is on the right path.

On the one hand, the introduction of AI technology contributes to the development of the economy, but if you look at it from the other side, AI is increasingly displacing humans because in some areas humans cannot compete with AI. In my opinion, this can have a negative impact on a country that has not yet solved such problems as high levels of poverty, corruption and crime. In addition, El Salvador's economy is very dependent on the US dollar, and the new 10% duties are another blow to the economy, the result of which is yet to come.

[melinoe]

El Salvador Works With Nvidia To Develop Sovereign AI Infrastructure

El Salvador, the first country in the world to adopt Bitcoin as legal tender, is working with the computer chip giant Nvidia to implement artificial intelligence for national development
source: https://www.zerohedge.com/crypto/el-salvador-works-nvidia-develop-sovereign-ai-infrastructure

Interesting to see what officials would learn from the AI, and what exactly that AI will teach them..

AI makes everything easier and saves you tons of time. I'm using AI in UI/UX design go generate new ideas for me, to create personas and then test my design on them. I also use AIs like Vercel and Lovable to code my Figma works because I don't know coding. AIs are getting better and better, it's a very smart step for El Salvador to focus on AI technologies and collaborate with Nvidia.
AI will speed up everything. It will help officials, students and lecturers to generate new ideas, to accelerate growth and development and to make things more perfect. AI has a huge potential like Bitcoin and blockchain technologies, El Salvador is on the right path.

I just hope it will be worth it in the long run, and it heavily depends on the data that the system is fed upon - if it won't be high by the standards, then this would be a waste of time for everybody involved.

[Synchronice]

El Salvador Works With Nvidia To Develop Sovereign AI Infrastructure

El Salvador, the first country in the world to adopt Bitcoin as legal tender, is working with the computer chip giant Nvidia to implement artificial intelligence for national development
source: https://www.zerohedge.com/crypto/el-salvador-works-nvidia-develop-sovereign-ai-infrastructure

Nayib Bukele is a very smart guy, he is really the coolest Dictator. He made El Salvador the first country to adopt Bitcoin, El Salvador also became the first country to buy 1 Bitcoin per day, it also became the most Bitcoin-friendly country and all of these were an extremely good marketing for country like El Salvador that was one of the most brutal place to live. This man attracted lots of tourists by his decisions and gave a light of hope to its citizens. Now he wants to make El Salvador close to AI technologies like he did with Bitcoins. Tech-wise, it's an extremely smart move and another extremely beneficial promotion of the country. This man knows what he does!

[HelliumZ]

El Salvador sets ambitious AI goals with national lab launch amid NVIDIA deal

El Salvador and Nvidia deal's Key Points.

One of the main reasons for El Salvador's deal with Nvidia is to ensure health, education, and economic development.
This agreement is El Salvador's first national AI lab.
Bitcoin Office Director "Stacy Herbert" noted that through this agreement, local talent will be able to develop their skills in the technology sector, not only providing services in their own country, but also providing services abroad and contributing to economic development.

https://cryptoslate.com/el-salvador-sets-ambitious-ai-goals-with-national-lab-launch-amid-nvidia-deal/

[LDL]

El Salvador seeks SEC approval for cross-border crypto sandbox

Among the many positive decisions that El Salvador has made since its approval of Bitcoin to date, the most recent is its submission of a proposal to the Securities Exchange Commission for permission to establish a crypto sandbox. They are committed to ensuring the free use of Bitcoin in their own country and to extending their services beyond their borders to other countries. If the crypto sandbox gets permission and approval, it will definitely provide a free transaction system abroad, a low-cost transaction system, and even find an easy way to solve all economic problems.

Crypto Sandbox details: Read please

[Dump3er]

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I am not sure about your point.  You are just trying to suggest that bitcoin is failing on its own in El Salvador because it is too volatile and maybe that volatility is more of a factor for poor folks rather than richer folks?

We already know that any investment needs to have discretionary income, so poor people do not tend to have much if any discretionary income, so they are not able to invest into something like bitcoin very easily...

I accept that bitcoin is somewhat biased in favor of the rich, since the rich tend to have some discretionary income as compared with the poor, and if the poor is ONLY left with using bitcoin as a payments mechanism, then poor folks might not have a lot of incentive to use bitcoin as a payment mechanism since some of the wallets can be burdensome to use.. unless maybe they are receiving payments in bitcoin, but then they still might end up converting those payments into dollars.. so sure, getting involved in bitcoin payments might be a bit of a burden for poor people.. yet even poor people might still be able to save $10 per week.. but yeah, it can be quite difficult to presume the level of discretionary income that any person has, whether poor or not, and surely just by definition, poor people will tend to have way less discretionary income rather than higher wealth people.

Even in the west, there are a lot of folks who are not accustomed to investing or saving, so they don't really know how to save or invest, even if they actually have discretionary income that that they could use for investing (or saving up) in bitcoin.

I think the truth is if Bukele would not be hindered by the IMF to acquire more bitcoin without risking financial support or existing contracts, his pro bitcoin policy would likely pay off spectacularly in a decade or two from now. The models discussed in the forum and some of the charts and overviews shared are plausible to me. I know they are speculative, but I don't see too many good counter arguments except for the ultimate nuke that cryptography breaks, but then our smallest problem is bitcoin's integrity.

As an early mover, El Salvador under the leadership of Bukele could have landed the coup of the 21st century. They are now at less than $30 billion national debt while holding around 6,000 BTC. If they were still able to increase their holdings incrementally at these prices and the whole asset class goes up in value in a few years from now and captures more and more of total global wealth, El Salvador could theoretically become debt free based on their bitcoin investment alone.

These are assumptions, but I repeat that I think this is not unrealistic. Even if it is not debt free as a result, having reserves in a non-inflationary asset class that covers like more than 50% of national debt is a big deal, especially when that asset class hasn't reached saturation phase.

But there is one question lingering in my mind about Bukele, El Salvador and bitcoin reserves. In a criminal country like that, when the most dangerous criminals follow those news and bitcoin reserves are actually tracked publicly, what is the risk that Bukele will disappear over night one day or be attacked by a military size cartel army? You could give criminals a hard time to sell all that gold around the world, but bitcoin is so much better than gold for normal people and, therefore, criminals alike.