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RE: RE: Looking at Bukele and Saylor buying up BTC
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RE: Looking at Bukele and Saylor buying up BTC

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5y

what are crypto tax lawes in el salvador like?

do you pay a lot or a little in taxes there? in some countries, you pay over 40% on short term securities, so basically any farming people are doing and manual compounding is going to cost a ton. I don't understand how people are going to grasp how to manage their taxes in a world increasingly touched by crypto.

In El salvador, it seems like almost a third or more of transactions, from what I've read, are done in btc now through the country's wallet scheme. That's crazy, I wonder how many el salvadoran's are using defi with their btc or with other cryptos they got with their btc and cash.

For all this stuff being on public ledgers, it's just too overwhelming in terms of data for any but the ultra nerds and big shadowy corpo types to sift through and suss out meaning from. It's a shame that crypto isn't changing the world faster already. It seems like we're still stuck in slow gear despite all the hype.