El Salvador's President, Nayib Bukele, has announced the elimination of all taxes on technology and innovation in the country. The announcement comes as part of a broader push to position El Salvador as a hub for innovation and technology in Central America.

In a tweet, Bukele stated that the move was intended to "stimulate the economy and create jobs," and that it was a "historic decision" that would help to attract investment and talent to the country.

The elimination of taxes on technology and innovation is just one of several initiatives that Bukele's government has launched to promote economic growth and development in El Salvador. Other initiatives include the adoption of Bitcoin as legal tender, the establishment of a Bitcoin mining facility powered by geothermal energy, and the creation of a $150 million Bitcoin trust fund to support local businesses and entrepreneurs.

While some have criticized Bukele's push for Bitcoin adoption as risky and potentially destabilizing, others see it as a bold move that could help to position El Salvador as a leader in the crypto and blockchain space. The elimination of taxes on technology and innovation is another step in that direction, and could help to attract investment and talent from around the world.

(by Samuel Wan)