El Salvador's largest bank partners with Flexa for Bitcoin payments

El Salvador's largest bank partners with Flexa for Bitcoin payments

Bancoagrícola will work with Flexa to accept Bitcoin across the bank’s network for payments like loans and credit cards. Bancoagrícola, El Salvador’s largest financial institution, is set to boost the country’s Bitcoin adoption policy following its partnership with digital payments gateway Flexa.According to an announcement by Flexa on Thursday, Bancoagrícola has inked a deal with the crypto payment network to enable Bitcoin (BTC) transfers for the bank’s customers including retail and merchant clients.As part of the partnership, Bancoagrícola customers can make credit card payments....


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Bitcoin investors are reportedly exempt from taxes in El Salvador

El Salvador is looking to attract foreign investment by adopting major tax breaks on Bitcoin trading. The government of El Salvador will reportedly exempt investors from paying a capital gains tax and an income tax on Bitcoin (BTC), according to a presidential legal counsel.Javier Argueta, a legal adviser to President Nayib Bukele, is looking to encourage foreign investment through major tax breaks on Bitcoin, Agence France-Presse reported Sept. 10. “If a person has assets in Bitcoin and makes high profits, there will be no tax. This is done obviously to encourage foreign investment,”....