El Salvador Offers Expedited Citizenship to Foreigners Contributing Bitcoin Donations
El Salvador has passed a new migration law that offers expedited citizenship to foreigners who donate Bitcoin to government social and economic development programs. The law, which has been endorsed by the country's president Nayib Bukele, does not specify a minimum donation amount. El Salvador has also recently introduced a Bitcoin Freedom Visa, which allows foreigners to obtain a visa by investing $1 million in BTC or Tether. The country is reportedly working on launching its own Bitcoin ETFs.
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