El Salvador Passes Law Offering Citizenship to Bitcoin Investors: Report

THE new citizenship by Bitcoin "Don" law come about two weeks After El El Salvador spear A Bitcoin "Freedom Visa" For foreigners look has move has THE Central American country.

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El that of Salvador Congress has would have approved A migration law granting accelerated citizenship has foreigners WHO TO DO Bitcoin (BTC) "donations" towards government social And economic development programs.

THE reform was pass by THE country legislature on Dec. 21 with support Since THE Nayib Bukele New Ideas to party, according to has A Reuters report.

THE law East expected has come In force In THE future days.

Bukele temporarily take a step down on as THE from the country chief has campaign For THE Future presidential election on Feb. 4, 2024. He directed El that of Salvador Bitcoin revolution When he do THE cryptocurrency legal tender In September, 2021.

El that of Salvador National Bitcoin Desk republished THE news sharing by THE Spectator Hint. Source: X

THE El Salvadoran government doesn't do A official announcement on THE new law but It is National Bitcoin Desk (ONBTC) has republished several X (Previously Twitter) posts sharing THE news. THE ONBTC East A special administrative unit that manages all Bitcoin And cryptocurrency projects all along THE country.

Cointelegraph has contacted El that of Salvador National Bitcoin Desk For comment but did not receive A immediate response.

THE Invoice was labeled A "vital interest" of Bukele — according to has Reuters — with a lot Related to Bitcoin projects Currently be developed by Bitcoiners Since stranger vs...