2023-04-27 15:06:28
El Salvador Bitcoin City Deals It is a tax-evading, government-backed Bitcoin mining facility and is powered by volcanic energy, according to the country’s president, Nayib Bukele. “Going Well” seems to have been cancelled.”
according to the documents purported to come fromministrypublic works of the country which was shared online on Thursday morning. It shows that the Bitcoin City project that is doing well in El Salvador has been canceled.
Although President Bukele shared architectural drawings, concept art, and details regarding what would be included in the city, such as plazas, airports, and landmarks, But going back to May 2022, these latest documents state that “there was no Bitcoin in the project because they had no knowledge of it.”
In other words, this meant that El Salvador wasn’t ready for Bitcoin City at the moment, giving up on a project that already had many hurdles in the first place. Which now many people still haven’t seen anything in the first place.
Bitcoin soars with Bitcoin City
The spherical Bitcoin City (designed to look like a giant bitcoin) was first announced for 2021 at the Latin American Bitcoin and Blockchain Conference.
Bitcoin City, designed to look like a giant Bitcoin, was first announced in 2021 at the Latin American Bitcoin and Blockchain Conference.
Bukele later announced plans to issue a $10,000 bond, half investing half in building new infrastructure on Bitcoin City and the other half in buying large amounts of Bitcoin.
However, since the plan was first released to the public, Bitcoin has been affected slightly in price. Moreover, the people of his country will feel very bad regarding crypto investments.
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