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- Also Read: Meet The Dutch 'Bitcoin Family' Who Emigrated To 'Bitcoin Heaven' Portugal For Tax-Free Crypto Additional elements like SCM land, DeFi District, and more contribute to the ecosystem's comprehensive nature. New Bitcoin City is a vibrant corner of the web3 world, providing users with exciting opportunities and avenues for exploration. The city wants to give its 7,000 citizens without permanent homes "nique digital identifiers" to help them get reliable access to services. “In my neighborhood, many people took the $30 from the Chivo wallet but then didn't use it anymore,” Meléndez said, referring to the digital bitcoin wallet the government created to promote the use of bitcoins. “I don’t understand much of it.” The initiative is expected to help form part of the so-called Bitcoin City project, which will include a special tax-free zone in the capital city, La Unión, and be powered by thermal energy from a volcano.