Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»El Salvador offers ‘free visa’ for $1 million cryptocurrency investment
ADOPTION NEWS

El Salvador offers ‘free visa’ for $1 million cryptocurrency investment

By Crypto FlexsDecember 8, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
El Salvador offers ‘free visa’ for  million cryptocurrency investment
Share
Facebook Twitter LinkedIn Pinterest Email

El Salvador, which made headlines in 2021 by qualifying Bitcoin for fiat tenders, has launched a $1 million “Adopt El Salvador Freedom Visa” program.

The Freedom Visa program, which limits the number of participants per year to 1,000, aims to entice individuals to pursue permanent residency and citizenship through investment, similar to Golden Visa programs in other countries.

Under this program, investors will apply by investing $1 million in one of the following: bitcoin BTC

+0.68%
or USDT. Successful applicants can also obtain a Salvadoran passport and pursue citizenship.

“The adoption of El Salvador’s Freedom Visa Program provides a unique opportunity for individuals to actively participate in creating a prosperous future for our country,” Adriana Mira, El Salvador’s Deputy Minister of Foreign Affairs, said in a statement.

El Salvador’s Ministry of Foreign Affairs said the program could generate $1 billion a year in revenue for the country if all positions were filled each year. The program is working with stablecoin issuer Tether, which will serve as a technology partner.

In particular, the plan is 10 times more expensive than similar citizenship through investment programs in neighboring Caribbean island nations, including Antigua and Barbuda, Dominica and St. Lucia, according to immigration consulting firm Henley & Partners.

Tether’s role

Tether is supporting this initiative as El Salvador’s technology partner. “This initiative highlights our commitment to supporting cities and communities in their pursuit of financial freedom and innovation,” said Tether CEO Paolo Ardoino. “This partnership strengthens our commitment to advancing technology, strengthening national capacity, and empowering individuals to invest in a future where innovation and progress come together.”

Former CTO Ardoino became CEO of Tether this month, succeeding Jean-Louis van der Velde, who transitioned to an advisory role.

On Monday, El Salvador’s President Nayib Bukele applauded all the naysayers who doubted El Salvador’s decision to buy Bitcoin, saying the country’s Bitcoin portfolio is now in surplus by about $3.6 million after a long period of deficit. . But others controversial Bukele’s claim is that the information he provided about El Salvador’s Bitcoin treasury is categorically false.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Use Sunny Mining Cloud Mining to earn $ 12,000 a day

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025
Most Popular

10 Essential Umbrella Styles for All Weather Conditions – The Defi Info

February 2, 2024

VanEck predicts an all-time high for Bitcoin in 2024. InQubeta and Injective likely to surge

December 18, 2023

Stablecoin supply hits highest level in nearly two years amid USDe growth

April 22, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.