Bitcoin City: Can The Key To BTC Taxes Be VAT?

El Salvador President Nayib Bukele recently outlined ambitious plans to construct a Bitcoin City at the base of the Conchagua stratovolcano, which overlooks the Gulf of Fonseca.

Donning a backward-facing baseball cap and button-down shirt, the youthful president — who refers to himself as the country’s “CEO” on Twitter — suggested the new, Alexandria-like city could be financed by government-issued, bitcoin-backed bonds with geothermal energy powering the computers. Global media coverage inevitably followed, with several publications cheekily comparing Bukele’s plans to those of a James Bond villain.

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