El Salvador Offers Expedited Citizenship for Bitcoin Donors

El Salvador’s Congress has approved a new migration law, championed as a “vital interest” by President Nayib Bukele, allowing foreigners to obtain expedited citizenship by donating Bitcoin to the country’s development projects. The program, limited to 1,000 participants annually, offers citizenship to those making altruistic contributions without specifying a minimum donation. The initiative aims to attract foreign investors, requiring participants to invest $1 million in either Bitcoin or Tether, with the goal of injecting $1 billion into El Salvador’s economy. (Source: Benzinga)