Salvadoran 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.
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 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.