El Salvador has recently unveiled an ambitious citizenship-by-investment project, opening doors for 1,000 people willing to invest $1 million in Bitcoin or Tether in the country. The new El Salvador visa program is the result of the government’s collaboration with the stablecoin issuer Tether, in a move to initiate “Adopting El Salvador Freedom Visa” Program.

On December 7, Tether announced the citizenship-by-investment program, attracting high-net-worth individuals by offering residency visas and a pathway to citizenship in exchange for a $1 million investment in Bitcoin or Tether. The program, limited to 1,000 participants annually, requires a nonrefundable $999 deposit credited…

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