JUST

Wednesday

Bitcoin

<div class="watcher-guru">
 <p><a rel="noopener noreferrer nofollow" title="El Salvador" href="https://thebittimes.com/tag/el-salvador.html">El Salvador</a> has passed a new law to grant citizenship to foreign Bitcoin investors. The country’s congress approved a migration law granting expedited citizenship to foreigners who make Bitcoin “donations” to government social and economic development programs. The law is expected to come to fruition in the next few days.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">JUST IN: 🇸🇻 El Salvador passes law to grant citizenship to foreign #Bitcoin investors.</p>— Watcher.Guru (@WatcherGuru) December 21, 2023
   </blockquote>
  </div>
 </figure>
 <p>The country’s legislature passed the reform late Wednesday evening with support from President Nayib Bukele’s New Ideas party. The law does not cite any minimum “donation” requirement. With Bukele aiming for re-election in February’s election, the Salvadoran official aims to further develop the country’s Bitcoin project. <a rel="noopener noreferrer nofollow" title="El Salvador" href="https://thebittimes.com/tag/el-salvador.html">El Salvador</a> is one of the most Bitcoin-forward countries in South America. In 2021, the country established BTC as a national currency. However, country-wide implementation is still a work in progress.</p>
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div>
 </div>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <p>Furthermore, the new citizenship reform cites “altruistic foreigners interested in supporting the economic, social and cultural development of <a rel="noopener noreferrer nofollow" title="El Salvador" href="https://thebittimes.com/tag/el-salvador.html">El Salvador</a> … by donating <a rel="noopener noreferrer nofollow" title="bitcoin" href="https://thebittimes.com/tag/bitcoin.html">bitcoin</a>.” The reform says that those who qualify would skip the normal requirement for the naturalization process of five years of permanent residence for anyone from a non-Spanish-speaking country.</p>
 <p><strong>Also Read: Argentina Minister Says Contracts Can Now be Settled in Bitcoin</strong></p>
 <p>On December 11, <a rel="noopener noreferrer nofollow" title="El Salvador" href="https://thebittimes.com/tag/el-salvador.html">El Salvador</a>’s National Bitcoin Office (ONBTC) revealed that the country’s Volcano Bond was greenlit by the nation’s Digital Assets Commission (CNAD). ONBTC expects the bond will launch in Q1 2024, and further push plans for the country’s “Bitcoin City”.</p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
</div>
<div class="cs-entry__tags">
 <ul>
  <li>bitcoin</li>
  <li>btc</li>
  <li>El Salvador</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/el-salvador-to-grant-citizenship-to-foreign-bitcoin-investors-tbt74465.html">https://thebittimes.com/el-salvador-to-grant-citizenship-to-foreign-bitcoin-investors-tbt74465.html</a></p>

El Salvador To Grant Citizenship to Foreign Bitcoin Investors

TheBitTimes

Otros artículos publicados el 21 dic 2023

20 Million SHIB From Shiba Inu Team Go to Random Crypto User: Details

Coinbase Insights: The Double-Edged Sword of Bitcoin ETFs in 2024

China’s yuan secures fourth place in global payments

GALA’s Rollercoaster Ride: Price Forecasts and Game-Changing Collaborations

Shiba Inu Burn Rate Sees Another 420% Spike, What’s Driving It?

Ethereum faces criticism as price falls against Bitcoin and Solana

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!