Nayib Bukele will make it easier for crypto investors to obtain Salvadoran citizenship
The president believes that this move will strengthen the country’s economic situation
24.02.2022 - 07:15
352
2 min
0
.
What’s new? El Salvador’s President Nayib Bukele has published a Twitter post in which he stated that he will make it easier for investors to obtain citizenship. Bukele will send 52 bills to Congress that will speed up bureaucratic procedures, create tax incentives and update securities regulations. This move will give potential savers “stability in exchange for investments,” the country’s president believes.
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.— Nayib Bukele 🇸🇻 (@nayibbukele) February 20, 2022
How is El Salvador developing? Nayib Bukele claims that this move should strengthen the country’s economic situation. According to recent research, El Salvador’s adoption of bitcoin as a means of payment has had a positive impact on the tourism business. During December last year, the inflow of visitors from different countries increased by 30%.
The number of tourists from the United States has increased by 60%, despite recent criticism of El Salvadorэs president towards America’s senators. Bukele asked them not to interfere in the country’s internal affairs after they expressed concern over the adoption of bitcoin in El Salvador. The country has also issued bitcoin bonds, the profits from which will go towards developing mining.
Useful material?
Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024