Cryptocurrencies

    El Salvador's bold move granting citizenship to Bitcoin investors

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    El Salvador's Congress has approved a law that will grant expedited citizenship to foreigners who contribute Bitcoin donations towards government social and economic development programmes.

    This move follows the launch of the country's Bitcoin "Freedom Visa" for foreigners wanting to move to the Central American nation.

    The legislation has been enacted through the majority support of President Nayib Bukele's political group, the New Ideas party.

    The law is due to come into effect in the next few days.

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