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El Salvador to build cryptocurrency-fuelled Bitcoin City

El Salvador president Nayib Bukele has announced that his government will build an oceanside Bitcoin City at the base of a volcano.

r Bukele used a gathering of Bitcoin enthusiasts to launch his latest idea, much as he used an earlier Bitcoin conference in Miami to announce in a video message that El Salvador would be the first country to make the cryptocurrency legal tender.

A bond offering would happen in 2022 entirely in Bitcoin, Mr Bukele said, wearing his signature backwards baseball cap. And 60 days after financing was…

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