El Salvador Offers Citizenship for Bitcoin Donations
El Salvador legislates expedited citizenship for Bitcoin donors, further integrating cryptocurrency in governance.
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El Salvador legislates expedited citizenship for Bitcoin donors, further integrating cryptocurrency in governance.
Essentially, these licenses act as official permits that allow Binance, the largest cryptocurrency exchange globally, to operate within the country while following the rules set by the government.
El Salvador made history in 2021 when it tapped Bitcoin as a national currency.
El Salvador’s congress approved a digital securities law that would allow the nation to raise funds through the world’s first sovereign blockchain bond.
Tron founder Justin Sun supported the President’s proposition, saying Tron’s DAO would also start buying one Bitcoin per day.
El Salvador's national bitcoin wallet continues to face major issues a week after its official launch.
On Sept. 7, El Salvador became the first country to adopt BTC as legal tender, drawing both praise and criticism from the global community.
This latest purchase brings El Salvador's Bitcoin reserves to about 1,120 BTC.
"Policy unpredictability" and "adoption of bitcoin as legal tender" were part of the reason for Fitch's downgrade of El Salvador.