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News related to Crypto / Re: Latam Insights: El Salvador Passes Bitcoin Citizenship Law, Argentina to Allow C
« on: December 25, 2023, 03:17:22 PM »Quote
On December 8, the country announced a program called “Adopting El Salvador,” which would allow foreign Bitcoin millionaires to fast-track their access to a Salvadoran Passport by investing $1 million USDT. However, the program will be available only for 1,000 applicants each year.
At first, I thought that the crypto millionaire just needed to have their own investment of $1 Million or more that needed to be shown as proof that they are real Bitcoin millionaires to be eligible as one of those 1000 people to be approved and become an official citizen of El Salvador.
However, upon looking for more information, I saw this. To achieve being a citizen and owning the Freedom Visa, a donation to the government is required.
Quote
The development comes about two weeks after El Salvador launched a Bitcoin Freedom Visa for foreigners willing to invest $1 million in BTC or Tether USDT into the Central American country.This offer is particularly attractive for crypto millionaires residing in countries that have restrictions on Bitcoin or those who wish to use Bitcoin without any limitations on time and location.