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In September 2021, El Salvador became the first country to accept bitcoin as legal tender, a measure that provoked both enthusiasm and protests in the following months. The country’s President, Nayib Bukele, is the main promoter, and an enthusiastic one of the model, so much so that he aims to issue the first sovereign bonds in bitcoin and build Bitcoin City near the Conchagua volcano, a city without revenue, property and capital gains taxes.
