Listen up, my friends, because there’s a new player in town that’s making all the western leaders look like amateurs. I’m talking about none other than President Nayib Bukele of El Salvador. This guy is on a mission to take his country to new heights, and he’s doing it by making some bold moves in the world of technology.
While the rest of the globe is grappling with economic issues and struggling to keep their financial systems afloat, Bukele is taking a different approach. He’s focusing on technological improvements and he’s not afraid to make some big changes to get there.
El Salvador to do away with taxes on innovation
In fact, he’s planning to do away with all taxation related to technological development in his country. That’s right, income tax, property tax, capital gains tax, import tariffs – all gone!
And don’t think for a second that he’s just talking the talk. He’s already tweeted about it and announced that he’ll be submitting a measure to Congress next week. This move will cover everything from AI research and development to programming, app creation, computing, and communications hardware manufacturing. El Salvador is truly becoming a technology hub.
Bitcoin and Beyond for El Salvador
But that’s not all. President Bukele has also been making waves in the Bitcoin space. He’s been committed to adopting Bitcoin as a means of modernizing his country’s financial system. And if that’s not impressive enough, a Bitcoin/Lightning developer education curriculum was just released in the nation last week. And get this, Bitcoin bonds are set to be released this summer.
But it’s not just about Bitcoin anymore. The rise of AI has caught Bukele’s attention, and he’s capitalizing on it. El Salvador’s lack of income tax is already attracting developers, and the growing interest in artificial intelligence is only going to add to the country’s appeal. Twitter users are already expressing interest in relocating to El Salvador to be a part of this burgeoning tech scene.
So let me tell you, my friends, if you’re not paying attention to what’s happening in El Salvador, you’re missing out. President Bukele is making some big moves, and he’s not afraid to challenge the status quo. The rest of the world better watch out, because El Salvador is quickly becoming a force to be reckoned with.
A Bitcoiner since 2017 and a Bitcoin Maximalist since 2018, Tommy is our main writer and editor at Bitcoin Maximalist. Other than researching and writing about Bitcoin, Tommy loves spending time with his family and supporting his beloved Leeds United.
