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El Salvador

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El Salvador Scraps Bitcoin Tax Payments

  • El Salvador’s parliament amended the 2021 law making Bitcoin legal currency.
  • Amendments removed provisions allowing tax payments in Bitcoin.
  • Businesses are no longer obligated to accept Bitcoin payments.
  • Accepting Bitcoin payments is now voluntary.

Source: orbitax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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