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El Salvador President Nayib Bukele to Introduce Bill Eliminating Taxes on Technology Innovations

Consensus 2023 Logo

Christy Goldsmith Romero

Commissioner

U.S. Commodity Futures Trading Commission

Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.

Consensus 2023 Logo

Christy Goldsmith Romero

Commissioner

U.S. Commodity Futures Trading Commission

Consensus 2023 Logo

Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.

CoinDesk - Unknown

Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.

Consensus 2023 Logo

Christy Goldsmith Romero

Commissioner

U.S. Commodity Futures Trading Commission

Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.

Consensus 2023 Logo

Christy Goldsmith Romero

Commissioner

U.S. Commodity Futures Trading Commission

Consensus 2023 Logo

Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.

Nayib Bukele on Thursday night said he will be proposing a bill to El Salvador’s congress eliminating all taxes on both software and hardware technology innovations.

It is unclear yet if this measure will extend to bitcoin (BTC) applications, but El Salvador and its president are known for being bitcoin-friendly, in 2021 becoming the first nation to make the crypto legal tender. The country’s legislature earlier in 2023 passed a law paving the way for a bitcoin backed bond.

CoinDesk reached out to El Salvador’s government for additional clarity.

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CoinDesk - Unknown

Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.


Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


CoinDesk - Unknown

Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.

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