• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Breaking News: Billionaire VC Tim Draper Tells Businesses To Keep Payroll In Bitcoin
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Billionaire VC Tim Draper Tells Businesses To Keep Payroll In Bitcoin
Advertisement

El Salvador Proposes Offering Citizenship To Foreign Investors

anushsamal by anushsamal
1 year ago
in Altcoin News
0
Advertisement

Nayib Bukele, El Salvador’s Bitcoin-loving president has announced plans to offer citizenship to foreign investors. This move could invite more investment projects like this series of reforms is a step closer to strengthening and reinforcing the country’s economy. Bukele announced this news through Twitter on Sunday, his tweet stated:

I’m sending 52 legal reforms to congress, to remove red tape, reduce bureaucracy, create tax incentives, citizenship in exchange for investments, new securities laws, stability contracts, etc. The plan is simple: as the world falls into tyranny, we’ll create a haven for freedom.

Nayib Bukele hasn’t yet stated if the bills would be targeted towards the bitcoin-linked entrepreneurs only. He has, however, mentioned and referred to El Salvador as “the land of Bitcoin Freedom”.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

The Salvadoran president had promised that he intends to make El Salvador a freedom-centric country in such a time when other countries in the world have fallen into “Tyranny”.

Known to all, El Salvador has been a Bitcoin-loving nation. Last year in September, it became the first nation to have established Bitcoin as a legal tender. Bukele continued to remain positive despite the heavy criticisms from IMF regarding the risks and huge amount of volatility that crypto carries. 

Related Reading | Why Venture Capital Fund Sequoia Is Pouring Over Half A Billion Dollars In Crypto

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

This news comes right after the U.S Senate Committee on Foreign Relations had urged the State Department to check and verify Bitcoin’s legal status in El Salvador. Every concern around Bitcoin or cryptocurrency always comes back to the illegal practices associated with digital currencies. El Salvador’s decision to grant citizenship has now inflamed its relationship with the United States. 

In response to the U.S Senate trying to investigate Bitcoin’s legal status, Bukele had the sternest response. He wrote on Twitter, “You have 0 jurisdictions on a sovereign and independent nation. We are not your colony, your back yard or your front yard. Stay out of our internal affairs. Don’t try to control something you can’t control” 

Senator Bill Cassidy had previously mentioned that Bitcoin or decentralised digital currency adoption “opens the door for money laundering cartels and undermines U.S. interests.”

El Salvador To Become One Of The First Countries To Offer Citizenship 

U.K-based citizenship consultancy Henley & Partners stated that El Salvador will be amongst the first countries to offer citizenship to foreign crypto investors. Other countries walking the same path are Turkey, Malta, and many countries from the Caribbean. 

It has also been reported that Nayib Bukele has planned to launch $1 billion in Bitcoin Bonds by the month of March. Through these funds, the president aims to finance the creation of the “Bitcoin City” project and also invest in other cryptocurrencies. 

Currently, El Salvador owns 1,801 Bitcoins and the total Bitcoin holdings are valued to be at $69 million. 

Related Article | Jake Paul, Soulja Boy, Other Celebs In Hot Water For Pump-Dump Scheme – Is SafeMoon, Safe?

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

anushsamal

anushsamal

Related Posts

BUSD Active Address Plunges by 60% Following Regulatory Crackdown

BUSD Active Address Plunges By 60% Following Regulatory Crackdown

3 weeks ago
Altcoin

This Little-Known Altcoin Outmuscles Top 200 Cryptos With 85% Gain – Find Out Here

3 weeks ago
Denver

ETHDenver Primer: What You Can Expect From Ethereum’s Largest Annual Conference

2 months ago
Chainlink Staking Successfully Launched; Already 11.1 Million LINK Staked

Chainlink Staking Successfully Launched; Already 11.1 Million LINK Staked

4 months ago
Ethereum And Ripple Are Committing Securities Fraud, Michael Saylor Claims

Ethereum And Ripple Are Committing Securities Fraud, Michael Saylor Claims

4 months ago
Dominica DMC TRON Justin Sun

Huobi Partners With Tron To Launch First National Token Dominica Coin (DMC)

4 months ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
UU.Game
UU.Game
K8
K8

Press Releases

  • Tokens To Watch In Q2 2023: Aptos (APT), Optimism (OP) And...

    15 hours ago
  • Market Experts Predict Big: TMS Network (TMSN) Will Beat...

    16 hours ago
  • XRP Price Breaks Out Of Multi-Year Wedge: XRP Price...

    18 hours ago
  • Is it the right time to ditch Solana (SOL), Shiba Inu...

    19 hours ago
  • Top 6 DeFi Tokens to Buy for Big Profits in 2023

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.