- El Salvador’s President plans to send 52 legal reforms to El Savador’s congress.
- These legal reforms intend to provide benefits to foreign investors including citizenship.
- The community has voiced positive sentiments towards this news.
El Salvador’s President Nayib Bukele tweeted on Sunday his plans to introduce a series of reforms to El Salvador’s congress. These reforms include removing red tape, reducing bureaucracy, creating tax incentives, and more importantly, introducing citizenship to foreign investors.
Given the country’s acknowledgment of Bitcoin as a legal tender, the citizenship by investment will extend to crypto investors. President Bukele pushes the initiative despite criticism that his decisions will instead destabilize El Salvador.
I’m sending 52 legal reforms to congress, to remove red tape, reduce bureaucracy, create tax incentives, citizenship in exchange for investments, new securities laws, st ...