The new citizenship by Bitcoin "donation" law comes about two weeks after El Salvador launched a Bitcoin "Freedom Visa" for foreigners looking to move to the Central American country.
El Salvador passes law offering citizenship to Bitcoin investors: Report
The new citizenship by Bitcoin "donation" law comes about two weeks after El Salvador launched a Bitcoin "Freedom Visa" for foreigners looking to move to the Central American country.
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El Salvador’s Congress has reportedly approved a migration law granting expedited citizenship to foreigners who make Bitcoin (BTC) “donations” toward government social and economic development programs.
The reform was passed by the country’s legislature on Dec. 21 with support from the Nayib Bukele’s New Ideas party, according to a Reuters report.
The law is expected to come into force in the coming days.
Bukele temporarily stepped down on as the country's leader to campaign for the upcoming presidential election on Feb. 4, 2024. He spearheaded El Salvador's Bitcoin revolution when he made the cryptocurrency legal tender in September, 2021.

The El Salvadoran government hasn't made an official announcement on the new law but its National Bitcoin Office (ONBTC) has reposted several X (formerly Twitter) posts sharing the news. The ONBTC is a special administrative unit that manages all Bitcoin and cryptocurrency projects throughout the country.
Cointelegraph has contacted El Salvador’s National Bitcoin Office for comment but did not receive an immediate response.
The bill was labeled a "vital interest" of Bukele's — according to Reuters — with many Bitcoin-related projects currently being developed by Bitcoiners from foreign countries.
"Altruistic foreigners interested in supporting the economic, social and cultural development of El Salvador ... by donating bitcoin," the bill reportedly states.
Reuters said the law doesn't cite a minimum donation requirement.
The development comes about two weeks after El Salvador launched a Bitcoin "Freedom Visa" for foreigners willing to invest $1 million in BTC or Tether (USDT) into the Central American country.
This is a developing story, and further information will be added as it becomes available.
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