Why El Salvador’s Dreams for a Crypto Utopia Are Now on Hold

Name: Why El Salvador’s Dreams for a Crypto Utopia Are Now on Hold
Uploaded: 2022-03-25T20:31:22Z
Duration: 7 min 472 s
Description: A coin-shaped crypto utopia with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds—That’s what La Unión, a small region in southeastern El Salvador, will become if President Nayib Bukele’s ambitious plan comes to fruition.

Mar 25, 2022

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A coin-shaped crypto utopia with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds—That’s what La Unión, a small region in southeastern El Salvador, will become if President Nayib Bukele’s ambitious plan comes to fruition. But after a stalled rollout of the country’s bitcoin bonds, some are skeptical of the plans. CoinDesk interviewed locals who have mixed feelings about Bukele’s bold plans, with Elaine Ramirez reporting.

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