In simple terms, El Salvador, known for making Bitcoin legitimate currency, introduces a new initiative to bring in talented professionals and strengthen its economy reliant on cryptocurrency.
President Nayib Bukele announced plans to invest $5 billion in granting citizenship to approximately 5,000 foreigners with expertise in fields such as science, engineering, medicine, and arts. Upon obtaining their new passports, these individuals will be granted the right to vote and will not be subjected to taxes, tariffs, or other fees.
We’re giving away 5,000 free passports, which equates to a $5 billion investment in our passport scheme, to exceptional foreign professionals in the fields of science, engineering, medicine, art, and philosophy. This accounts for under 0.1% of our population, so granting them full citizenship, including all associated rights and responsibilities, is:
— Nayib Bukele (@nayibbukele) April 6, 2024
In addition to unveiling a space for initiating Bitcoin projects, El Salvador boasts other Bitcoin-dedicated facilities. Notably, the country has recently introduced a physical vault for secure Bitcoin storage. Furthermore, El Salvador’s first Bitcoin degree graduates have emerged from its educational system.
Bitfinex teams up with partners to make Salvador a major player in Bitcoin mining, utilizing the country’s abundant geothermal energy. The news of El Salvador embracing Bitcoin has sparked diverse opinions, but it certainly draws attention to the nation.
Read More
- Crypto ETPs hit $44.5b in YTD inflows amid Bitcoin surge
- AI16Z PREDICTION. AI16Z cryptocurrency
- A Palace x Nike Air Max DN8 Collab Is Rumored for 2025
- Li Haslett Chen to Leave Warner Bros. Discovery Board
- Hong Kong Treasury says crypto is not a ‘target asset’ for its Exchange Fund
- Amy Adams’ Nightbitch Has A Scene That Was So Disgusting, Crew Members Had To Leave The Room While They Filmed It
- The Best Fashion Audiobooks on Audible for Aspiring Stylists, Hypebeasts and Everyone In Between
- US States charges ahead to adopt Bitcoin Reserve Legislation
- When Dharmendra said Sunny Deol and Bobby Deol didn’t have affairs with heroines and were ‘innocent’, recalls Gadar 2 director Anil Sharma
- Bleach: Brave Souls has released a New Year’s update with refreshed versions of popular characters
2024-04-09 01:08