Please don’t skip this message — it only takes a minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent, ‘bitcoin-only’ media is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 is all we ask for. To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. All of our writers have an active tipping widget.
  • Join our campaign on 
    Awesome perks are waiting for you such as the limited edition Bukele Blend Coffee from El Salvador.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.


President of El Salvador Enacts Legislation Removing Taxes on Technological Innovations

Support free writers: > send a tip

written by

In March of this year, a bill was announced in El Salvador, and today it was signed into law by President Nayib Bukele. The new legislation abolishes taxes on technology innovations and includes additional measures such as the elimination of income, property, capital gains, and tariffs that are crucial to promoting technological advancement under the Innovation and Technology Manufacturing Incentive Act.

This announcement strengthens El Salvador’s position as a destination for technology development. Furthermore, President Bukele emphasized that the newly enacted law safeguards “technology innovations, software and app programming, AI, computer, and communications hardware manufacturing.”

Back in March, President Bukele revealed his plan to propose a bill aimed at safeguarding technological progress in El Salvador. The bill was then forwarded to Congress to remove taxes on a range of technology-related advancements.

The El Salvadoran president has recently signed into law the complete elimination of taxes on technology innovations. President Bukele also confirmed the news via Twitter, notifying the public that the bill had been successfully enacted.

The Innovations and Technology Manufacturing Incentives Act is expected to entice technology developments to El Salvador, while the tax elimination is economically advantageous for many companies. Conversely, the country’s dedication to a diverse range of tech innovations being cultivated remains unwavering.

The growth of certain technological advancements, such as generative AI and bitcoin, has been hindered by unclear regulations. The recent Digital Asset Mining Energy (DAME) excise tax introduced by the U.S. government is a clear example of such prohibitive regulations.

El Salvador has responded to this issue by taking swift action and implementing an alternative environment through its new law.

Enjoyed the article?

100% of your tips go directly to [email protected]
Need a wallet? Get it here

⚡️ Tip The Author

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


bitcoin shop miami

Read More Bitcoin News

Hayek And Bitcoin

Hayek and Bitcoin

Hayek passed long before Bitcoin’s inception, but in his book The Denationalisation of Money, he argued for nothing short of stripping the state of its monopoly power of money itself.

Read More »


bitcoin shop miami

Join our Newsletter

Video of the Week


Latest on Bitcoin News

Join our Newsletter