© Reuters
SAN SALVADOR – In a bold move to consolidate its position as a cryptocurrency hub, El Salvador’s congress today passed a law that will grant citizenship to foreign investors in the . This legislative action highlights the Central American nation’s commitment to adopting digital currencies and attracting international investment within the crypto space.
El Salvador’s President Nayib Bukele is a strong supporter of cryptocurrencies, championing their potential to improve financial inclusion and economic development. His administration views digital currencies as a way to attract foreign capital, create jobs and reduce reliance on traditional banking systems.
By granting citizenship to Bitcoin investors, El Salvador aims to attract more attention and resources from the global crypto community. The move could potentially lead to increased economic activity and innovation in the country’s booming crypto ecosystem.
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