---
title: "El Salvador brings Freedom Visa Program based on Bitcoin cryptocurrency."  
description: "El Salvador brings Freedom Visa Program based on Bitcoin cryptocurrency."  
author: "Saumya Mishra"  
published: 2023-12-14  
updated: 2023-12-14  
canonical: https://www.mindstick.com/news/3614/el-salvador-brings-freedom-visa-program-based-on-bitcoin-cryptocurrency  
category: "technology"  
tags: ["bitcoin", "cryptocurrency"]  
reading_time: 2 minutes  

---

# El Salvador brings Freedom Visa Program based on Bitcoin cryptocurrency.

**[Central America](https://answers.mindstick.com/qa/41702/who-pushed-for-a-canal-across-central-america-linking-the-atlantic-ocean-and-the-pacific-ocean) is taking a bold step into the [digital age](https://www.mindstick.com/articles/13080/wikipedia-the-most-powerful-advertising-platform-of-the-digital-age). [El Salvador](https://www.mindstick.com/news/1322/bitcoin-issue-of-sovereignty-says-el-salvador-government-rejects-imf-call-to-drop-bitcoin-use)** has launched a new program, dubbed the "**Adopting El Salvador Freedom** [**Visa**](https://www.mindstick.com/account/642836/dubai-visa-center-dubai-visa-center)," offering residency and a pathway to citizenship for 1,000 wealthy investors willing to invest a hefty **$1 million** in Bitcoin or Tether. This ambitious move aims to raise $1 billion for the nation and capitalize on the [growing popularity](https://answers.mindstick.com/qa/42552/how-would-you-explain-the-results-of-the-growing-popularity-of-the-automobile-in-the-u-s-during-the-1920s) of cryptocurrencies.

- **High Price Tag:** Compared to neighboring Caribbean countries with programs starting at $100,000, El Salvador's million-dollar ask raises eyebrows.
- **EU Alternative:** Critics point out European options like Malta's €750,000 citizenship program offering access to the Schengen Area.
- **Pro-Bitcoin Appeal:** Crypto enthusiasts might be enticed by El Salvador's Bitcoin-friendly policies and tax breaks for [tech](https://www.mindstick.com/services/technologies) companies.

## Digging Deeper:

While the high investment threshold has sparked debate, El Salvador's program draws inspiration from successful citizenship-by-investment schemes in countries like Vanuatu. The potential billion-dollar boost could significantly contribute to the [nation's economy](https://yourviews.mindstick.com/view/views/indian-economy).

However, concerns remain regarding the program's competitiveness and potential [human rights](https://answers.mindstick.com/qa/39221/kunhiraman-panoor-the-renowned-author-and-human-rights-activist-has-passed-away-he-hailed-from-which-state) implications. President **Bukele's** crackdown on crime, while successful, has been marred by reports of arbitrary detentions.

![El Salvador brings Freedom Visa Program based on Bitcoin cryptocurrency.](https://www.mindstick.com/usernews/655071/76ffddd4-465b-4f18-8b9a-8c85ba71b3ca/images/db37ba81-2d16-42fc-834f-de99c57582cb.jpg)

**El Salvador's ambitious Bitcoin citizenship gamble presents both [opportunities and challenges](https://answers.mindstick.com/qa/115654/how-is-global-economic-inequality-influencing-opportunities-and-challenges-for-countries).** Whether it attracts the desired number of investors and successfully boosts the economy while upholding human rights remains to be seen.

---

Original Source: https://www.mindstick.com/news/3614/el-salvador-brings-freedom-visa-program-based-on-bitcoin-cryptocurrency

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