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    Author Topic: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻  (Read 51006 times)
    delfastTions
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    May 26, 2023, 02:10:41 PM
    Merited by JayJuanGee (1)
     #1521

    I wouldn't be surprised if established players from the US like Coinbase and Kraken also move there sometime in the future.

    Those are exchanges and some were already considering that offer because of the over heating conditions of regulations on bitcoin users in the US, El-Savador is their best option and rescue haven

    It would be great if such large cryptocurrency companies would move their headquarters to the territory and jurisdiction of El Salvador.  
    But, I think, this process is not simple and such companies may get into big troubles, first of all because of the officials and in general they are for the representatives of the USA authorities.  First of all, because of the loss of tax revenues.  So not all large companies will decide on such a bold step.  
    For example, just today I read that twin brothers Winklevoss, well-known cryptocurrency enthusiasts and founders of the Gemini cryptocurrency exchange, decided to open the second headquarters of this exchange in Ireland.  Just in case, if they are seriously persecuted in the USA, as I understand it.  They and similar companies in the field of cryptocurrencies are still simply afraid to anger the US authorities with their frank step if they just take it and leave for El Salvador.  This will be a notable slap in the face to legislators and the authorities of the USA.  Here they are simply afraid of the consequences for themselves personally, as a citizen of the USA.  That's all.  
    But, I hope the positive experience of their more daring colleagues will allow them to make decisions not to go to the same shitty and tax-regulated Ireland, but to El Salvador, where Naib Bukele lowered taxes.  
    In general, he is very loyal to IT technology startups.
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