Nayib Bukele, El Salvador’s Bitcoin-loving president has announced plans to offer citizenship to foreign investors. This move could invite more investment projects like this series of reforms is a step closer to strengthening and reinforcing the country’s economy. Bukele announced this news through Twitter on Sunday, his tweet stated:
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 hasn’t yet stated if the bills would be targeted towards the bitcoin-linked entrepreneurs only. He has, however, mentioned and referred to El Salvador as “the land of Bitcoin Freedom”.
