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Author: Admin | 2025-04-28
El Salvador’s National Bitcoin Office says it’s already received “many dozens of applications” for the country’s new Freedom Visa. 16510 Total views 50 Total shares El Salvador’s National Bitcoin Office (ONBTC) says its $1 million Freedom Visa program has already received hundreds of inquiries since its launch on Dec. 7 and expects it to sell out before the end of 2023.In comments emailed to Cointelegraph, a spokesperson for El Salvdor’s National Bitcoin Office said it had received hundreds of inquiries and “many dozens of applications” online and in person at its embassies and consulates. “Based on the current level of interest, we expect the program to sell out by the end of the year.” Launched by the El Salvador government on Dec. 7 in partnership with stablecoin issuer Tether, the Freedom Visa is a citizenship-by-donation program that grants a residency visa and pathway to citizenship for 1,000 people willing to put down a $1 million Bitcoin (BTC) or Tether (USDT) donation toward the country.The ONBTC spokesperson clarified that the program is limited to 1,000 slots per calendar year. Market commentators such as Altana Digital Currency chief investment officer Alistair Milne described El Salvador’s million-dollar visa program as “uncompetitive” when considered next to those offered by countries like Malta, which tout full European citizenship for $810,000.El Salvador offering Visas and citizenship to anyone investing $1million (in USDt or Bitcoin) in the countryFrankly uncompetitive in the global market (can get EU citizenship for less) so disappointing https://t.co/ALydiMAJRj— Alistair Milne (@alistairmilne) December 7,
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