And now the people of El Salvador will be forced to sell their Bitcoin for Dollar again to avoid paying taxes. In this regard, the experiment failed. El Salvador always has been part of the USD system.
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And now the people of El Salvador will be forced to sell their Bitcoin for Dollar again to avoid paying taxes. In this regard, the experiment failed. El Salvador always has been part of the USD system.
I wasn't a fan of article 7.. so this news was bittersweet
Well, that was quite a scathing take. Not many points given for any successes, or even half successes.
Did something bad happen because of El Salvador's adoption, or it's just the fact that the IMF leaned on the country to impose its own demands, like it has in the past and will, time and time again?
Where does the article say that? I only see where it says they won't be allowed to pay taxes in BTC.
This is my opinion. LMAO
But how will selling their sats for $ help them avoid paying taxes?
They will need to pay taxes in USD instead of Bitcoin.
IMF imprison a SA country again
I often think they were probably too erlarly for all that