Bitcoin

Freedom

<a href="https://optimisus.com/news/fintech-news/el-salvadors-president-to-propose-bill-eliminating-taxes-on-ai-and-tech-innovations/">El Salvador</a> has launched a novel citizenship-by-investment scheme, offering residence permits and a path to citizenship to the first 1,000 people who invest $1 million in Bitcoin or USDT in the country.   
The program, dubbed the "Adopting El Salvador Freedom Visa Program," was announced on December 7 by the Salvadoran government and Tether, a stablecoin issuer.   
While the opportunity is appealing, the cost of citizenship begins at $100,000, putting El Salvador's offer above that of neighboring Caribbean nations.   
The "Adopting El Salvador Freedom Visa Program" enables individuals to obtain residence permits and possibly citizenship by making a significant investment in Bitcoin or USDT.   
As an introductory offer, a non-refundable $999 deposit toward a total investment of $1 million is accepted.   
El Salvador could amass $1 billion if all available slots are filled, mirroring the financial gains experienced by other countries with similar citizenship-by-investment programs.   
Critics argue that <a href="https://optimisus.com/news/el-salvador-approves-bill-for-digital-securities-including-bitcoin-bonds/">El Salvador's proposal</a> is less competitive on a global scale, particularly when compared to alternative citizenship options.   
On Twitter, Alistair Milne, founder of crypto hedge fund Altana Digital Currency, stated that EU citizenship could be obtained at a lower cost.   
According to Henley &amp; Partners, Maltese citizenship by investment is available for $810,000 (750,000 euros), granting access to the visa-free Schengen Area, which includes 23 EU member states. 
The post <a href="https://optimisus.com/market/market-news/el-salvador-launches-citizenship-by-investment-program-accepting-bitcoin-and-usdt/">El Salvador Launches Citizenship-by-Investment Program, Accepting Bitcoin and USDT</a> appeared first on <a href="https://optimisus.com">Optimisus</a>.

El Salvador Launches Citizenship-by-Investment Program, Accepting Bitcoin and USDT

Optimisus

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