Fancy a ‘Freedom Visa’? El Salvador has you covered
Authorities in El Salvador have unveiled a new citizenship-by-investment program that will provide visas and passports for up to 1,000 people. The country’s authorities and Tether launched the corresponding program. One of the conditions is the desire to invest 1 million US dollars in Bitcoin (BTC) or Tether (USDT) in the country. If all the seats are filled, it is expected to generate $1 billion for El Salvador and become an essential source of income for countries with similar programs, such as Vanuatu, which earns millions of dollars annually from its citizenship by investment program. You might also like: El Salvador pioneers first Bitcoin mining pool, boosting renewable energy However, the cost of citizenship in El Salvador was significantly higher compared to neighboring Caribbean countries, which started at $100,000. In addition, Alistair Milne, founder of cryptocurrency hedge fund Altana Digital Currency, wrote on X (Twitter) that El Salvador’s offer is...