Pro-Bitcoin president of El Salvador to offer citizenship for foreign investors
El Salvador President Nayib Bukele wants to offer citizenship to those who invest in the small Central American nation.
President Bukele took to Twitter to inform the crypto community on Sunday that he was sending a list of 52 legal reforms to Congress. Among the most notable proposals, Bukele called for the removal of red tape, reducing bureaucracy, creating tax incentives and most importantly offering citizenships to foreigners looking to invest in the nation.
I’m sending 52 legal reforms to congress, to remove red tape, reduce bureaucracy, create tax incentives, citizenship in exchange for investments, new securities laws, stability contracts, etc.The plan is simple: as the world falls into tyranny, we’ll create a haven for freedom.
The President promised to make El Salvador one of the most freedom-centric countries at a time when the world is falling into ‘Tyranny.’
Bukele has become a flag bearer for Bitcoin (BTC) adoption but an equally controversial figure in international politics for the same reasons. Recently, a bipartisan group of senators in the United States introduced new legislation, seeking to mitigate risks posed by El Salvador’s adoption of BTC as a legal tender.
Related: El Salvador to inaugurate Bitcoin City backed by $1B BTC bonds
President Bukele rebuked the new legislation and called the U.S. senators “boomer,” while reminding them that they have zero jurisdictions on a sovereign and independent nation.
OK boomers…You have 0 jurisdiction on a sovereign and independent nation.We are not your colony, your back yard or your front yard.Stay out of our internal affairs.Don’t try to control something you can’t control https://t.co/pkejw6dtYn
El Salvador is all set to launch its much anticipated billion-dollar
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