El Salvadors President wants to offer citizenship to those who invest in the small Central American nation.
The President took to Twitter to inform the crypto community that he was sending a list of 52 legal reforms to Congress. Among the most notable proposals, he 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 has vowed to make El Salvador one of the most freedom-centric countries at a time when the world is falling into ‘Tyranny.’
He 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.
The President criticized the new legislation and called the U.S. senators “boomer,” while reminding them that they have zero jurisdictions on a sovereign and independent nation.
El Salvador is all set to launch its much anticipated billion-dollar Bitcoin Volcanic bonds in March next month. The funds generated from the bonds would be used to build the world’s first Bitcoin city.
