El Salvador's Bitcoin Citizenship Initiative
El Salvador's Congress, dominated by President Nayib Bukele's New Ideas party, has passed a law allowing expedited citizenship for foreign bitcoin donors. The law aims to attract support for social and economic development projects by waiving the standard naturalization residency requirements in exchange for bitcoin contributions.
- Despite the lack of a minimum donation stipulation, the move comes as El Salvador continues grappling with economic challenges and seeks a new financing program with the International Monetary Fund (IMF).
- This initiative follows the controversial adoption of bitcoin as legal tender in 2021 and President Bukele's re-election bid, which contradicts the country's constitutional ban on consecutive presidential terms.
https://www.reuters.com/world/americas/el-salvador-offers-citizenship-foreign-bitcoin-investors-2023-12-21/
Bitcoin /
npub1dw…ds9g9
2023-12-24 07:32:55
Author Public Key
npub1dwegu7taqadap2pzw6dszulc6r7gwmldawjpdrersuykxxlyzfeskds9g9Published at
2023-12-24 07:32:55Event JSON
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"content": "El Salvador's Bitcoin Citizenship Initiative\n\nEl Salvador's Congress, dominated by President Nayib Bukele's New Ideas party, has passed a law allowing expedited citizenship for foreign bitcoin donors. The law aims to attract support for social and economic development projects by waiving the standard naturalization residency requirements in exchange for bitcoin contributions.\n\n - Despite the lack of a minimum donation stipulation, the move comes as El Salvador continues grappling with economic challenges and seeks a new financing program with the International Monetary Fund (IMF).\n\n - This initiative follows the controversial adoption of bitcoin as legal tender in 2021 and President Bukele's re-election bid, which contradicts the country's constitutional ban on consecutive presidential terms.\n\nhttps://www.reuters.com/world/americas/el-salvador-offers-citizenship-foreign-bitcoin-investors-2023-12-21/",
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