Politics

El Salvador plans to build the world’s first cryptocurrency city

El Salvador's authorities have announced the construction of the world's first cryptocurrency city. Residents of Bitcoin City will be able to mine cryptocurrency on the energy of the Konchagua volcano, according to Reuters. Bitcoin City is planned to be built in the department of La Union. To do this, El Salvador will issue the world's first Bitcoin bonds in the amount of one billion dollars. According to experts, about 300,000 bitcoins will be spent on the creation of the city's infrastructure. El Salvador President Nayyib Bukele noted that all Bitcoin City institutions will be dedicated...

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