Written in CRYPTO he
Once again the power of cryptocurrencies became manifest, as is known since The Savior became one of the countries that allowed transactions for digital assets in their daily lives, several companies decided to join and take this nation as their base of operations and thus avoid cases such as those experienced Binance and coinbase for reviews of the Securities and Exchange Commission (SEC) of the United States.
The government of Nayib Bukele began the construction process of the Pacífico Airport, also known as Bitcoin City Airportwith an initial investment of 73 million dollars, with which the earth removal works started to begin the works.
Both the airport and the bitcoin city These are projects promoted by the Salvadoran president in his attempt to consolidate cryptocurrencies in the region, the media specialized in digital assets CriptoNoticias pointed out that the construction of the city would be financed by the so-called “Volcano bonds”, with which the government hopes to raise 1,000 million dollars; As for the airport, the final amount of the cost is estimated at 350 million dollars.
Among the points that the Salvadoran government highlights with the implementation of these two projects is the almost total reduction of taxes, the establishment of mining farms of Bitcoin free of contaminants and the generation of electricity through geothermal energy.
Controversy over the construction
The construction of the city has not been made official by the government; However, this building has been in the public conversation because by integrating the Pacific Airport environmental damage was estimated in the area. The government currently has permits for construction.
Other criticisms focus on the fact that the Autonomous Port Executive Commission (CEPA) has not complied with the payment to the owners of the land that will be used for the airport building.
In social networks you can see various videos in which the start of construction is observed in the town of Flor de Mangle, in the department of La Unión, east of The Savior.