Nayib Bukele, president, El Salvador, filed paperwork to be re-elected in the country’s upcoming 2024 presidential election in February, stated Cointelegraph.
Sources revealed that Bukele, a Bitcoin advocate, got support from the public on October 26, 2023, after he was officially nominated by his party to run for re-election.
“Five more [years], five more and not one step back. We need five years to continue improving our country,” Bukele mentioned in a speech El Salvadorans.
Furthermore, the Bukele government also implemented other tech-friendly policies for strengthening the country’s economy, such as eliminating all taxes on technological innovations. Gabor Gurbacs, a VanEck strategy advisor, is expected to have mentioned that El Salvador has the potential to become the “Singapore of the Americas,” Cointelegraph concluded.
(With insights from Cointelegraph)
