El Salvador unveils BTC ‘Freedom Visa’ — but it’s 10x the cost of others - New Style Motorsport

The same citizenship-by-investment schemes in nearby Caribbean nations start at $100,000, and one EU country has a citizenship pathway for just over $800,000.

El Salvador has launched a new citizenship-by-investment program that grants a residency visa and pathway to citizenship for 1,000 people willing to stump up a $1 million Bitcoin

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or Tether

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investment in the country.

The Central American country’s price tag for citizenship, however,

appears far more expensive than those in neighboring Caribbean countries, which start at $100,000.

El Salvador’s government and stablecoin issuer Tether announced the program on Dec.

7, dubbed the “Adopting El Salvador Freedom Visa Program.”

It offers 1,000 citizenships to wealthy investors who pledge a “$1 million in Bitcoin or USDT

investment,” starting with a $999 nonrefundable deposit credited toward the total.

It would raise $1 billion for El Salvador if all spots are filled and is a significant income source for

countries with similar programs, such as Vanuatu, which earns millions annually from its citizenship-by-investment program.

Alistair Milne, the founder of crypto hedge fund Altana Digital Currency,

posted to X (formerly Twitter) that El Salvador’s offering is “uncompetitive in the global market” and highlighted that citizenship in a European Union country could be purchased for less.


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