Even though LATOKEN often writes and posts LATOKEN reviews and shares tips on how to avoid becoming a victim of crypto scam, we are also happy to share the latest crypto news. LATOKEN provides education and resources for its users, traders, and crypto enthusiasts around the world. LATOKEN, a fast-paced international crypto exchange and IEO platform with 1.3+ million users worldwide, assures that it is essential to always stay up to date if you are trading.
El Salvador’s President Nyb Bukele announced the purchase of 400 bitcoins by the country’s authorities. The first transaction of 200 bitcoins was made on September 6, on the eve of the entry into force of the law on the legalization of cryptocurrency. Bukele also said brokers will buy more bitcoins shortly.
“El Salvador bought 200 new coins. We now hold 400 bitcoins,” wrote Bukele on his Twitter.
In early September, the Financial Commission of El Salvador’s Legislature approved a $150 million trust fund to support a plan to legalize bitcoin. The funds will also be used to pay bonuses in the amount of $30 in bitcoins, which citizens of the country will receive when activating the state crypto wallet Chiva.
In the summer of 2021, El Salvador passed a law recognizing Bitcoin as an official means of payment, along with the US dollar already used as the country’s currency. What is more,from September 7, prices in the country can be set in bitcoins, and taxes can also be paid in crypto. Bitcoin exchanges are not subject to capital gains tax.
If you want to learn more about the most promising tokens through LATOKEN Review, crypto news and tips on avoiding becoming a victim of a cryptocurrency scam, follow us on Medium, LATOKEN Blog, or LATOKEN VCTV channels.
And if you want to start trading, you can always do it on the LATOKEN exchange!START TRADING
- Ranked #2 worldwide in the startup tokens primary market with 220+ IEO’s since 2017.
- Has over 2 mln registered users, over 1 mln Android app installs.
- Is in the TOP 10 of CoinGecko rank by the amount of token pairs and coins listed.
- VCTV, a live streaming panel with high-profile industry leaders, produced over 500 shows to advise traders and investors how to navigate the crypto world with discussions, news updates, and interviews.
- Advisory Board includes former CFOs from JP Morgan and Paypal.
Follow LATOKEN on social media to keep up with the latest news, and more!👇
LATOKEN crypto exchange does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like other assets, cryptocurrency is subject to market risk. Please do your own research and trade with caution.