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Which country has planned to establish world’s first Bitcoin City?
A)
France
B)
Singapore
C)
El Salvador
D)
Switzerland

Correct Answer :   El Salvador


El Salvador plans to build the world's first "Bitcoin City," funded initially by Bitcoin-backed bonds, President Nayib Bukele said on Saturday(20-11-2021).
 
The move is being seen as a doubling down on his bet to harness the cryptocurrency to fuel investment in the Central American country.
 
Speaking at an event closing a week-long promotion of Bitcoin in El Salvador, Bukele said the city planned in the eastern region of La Union would get geothermal power from a volcano and not levy any taxes except for value-added tax (VAT).

Published On : November 23, 2021
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