08-11-2021, 02:06 AM
Take your protein pills and put your helmet on
<!-- SC_OFF --><div class="md"><p>Hi im from El Salvador Here’s another Salvadoran update on BTC law:</p> <p>Be prepared for lift off because in exactly one month El Salvador’s “Bitcoin Law” will be effective. </p> <p>The Law was passed by the Legislative Assembly on June 8 giving Bitcoin the status of legal tender. </p> <p>Some informative points on the law:</p> <ul> <li><p>Every adult citizen of El Salvador will receive $30 worth of BTC when they download and register on the gov crypto app.</p></li> <li><p>Use of Bitcoin is optional not mandatory for the people (however company’s will have to mandatorily accept BTC as payment) </p></li> <li><p>Salaries and pension will be continued to be paid in usd.</p></li> <li><p>Anyone that is being paid in BTC can automatically receive their money in usd.</p></li> <li><p>One of the key drivers of the law is to help people sending remittances back to El Salvador, as the payments typically suffer from high transaction and commission costs</p></li> <li><p>Transactions in BTC are under Layer 2 Scaling Solutions.. much faster
</p></li> <li><p>Anyone ready to invest 3 Bitcoin in the countries economy will be granted immediate permanent residency</p></li> <li><p>Capital gains on Bitcoin will not be taxed</p></li> </ul> <p>My little El Salvador let’s hope you make the grade…</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DaisyMirolin"> /u/DaisyMirolin </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p1j2bp/take_your_protein_pills_and_put_your_helmet_on/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p1j2bp/take_your_protein_pills_and_put_your_helmet_on/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Hi im from El Salvador Here’s another Salvadoran update on BTC law:</p> <p>Be prepared for lift off because in exactly one month El Salvador’s “Bitcoin Law” will be effective. </p> <p>The Law was passed by the Legislative Assembly on June 8 giving Bitcoin the status of legal tender. </p> <p>Some informative points on the law:</p> <ul> <li><p>Every adult citizen of El Salvador will receive $30 worth of BTC when they download and register on the gov crypto app.</p></li> <li><p>Use of Bitcoin is optional not mandatory for the people (however company’s will have to mandatorily accept BTC as payment) </p></li> <li><p>Salaries and pension will be continued to be paid in usd.</p></li> <li><p>Anyone that is being paid in BTC can automatically receive their money in usd.</p></li> <li><p>One of the key drivers of the law is to help people sending remittances back to El Salvador, as the payments typically suffer from high transaction and commission costs</p></li> <li><p>Transactions in BTC are under Layer 2 Scaling Solutions.. much faster
</p></li> <li><p>Anyone ready to invest 3 Bitcoin in the countries economy will be granted immediate permanent residency</p></li> <li><p>Capital gains on Bitcoin will not be taxed</p></li> </ul> <p>My little El Salvador let’s hope you make the grade…</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DaisyMirolin"> /u/DaisyMirolin </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p1j2bp/take_your_protein_pills_and_put_your_helmet_on/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p1j2bp/take_your_protein_pills_and_put_your_helmet_on/">[comments]</a></span>Kind Regards R