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How many Bitcoins does El Salvador have and what it means for the crypto world?
El Salvador’s recent announcement of its plan to purchase one Bitcoin daily demonstrates a steadfast commitment to cryptocurrency. With its holdings now totaling 5,700 BTC, valued at over $400 million, the nation has emerged as a significant player in the digital currency market. In a bid to attract foreign investment, El Salvador has abolished income tax on international investments and money transfers, slashing the rate from 30% to 0%. This bold move aims to stimulate economic growth and position the country as a crypto-friendly destination for investors. Securing Bitcoin assets The transfer of over 5,000 BTC to ... (full story)