Posted 12/8/2023, 7:06:31 PM
El Salvador offers 'freedom visa' for $1M cryptocurrency investment
- El Salvador announced a "freedom visa" program offering residency to foreigners who invest $1 million in Bitcoin or Tether
- The visa aims to attract wealthy investors to help build El Salvador's tech and financial sectors
- Partner Tether will invest $1 billion into renewable Bitcoin mining in El Salvador
- Applicants get passport and residency after a $1 million crypto donation used for economic development
- The program fits El Salvador's embrace of Bitcoin under President Bukele, despite controversy