According to PANews, El Salvador has launched a "Citizenship by Investment" program, which will issue residence visas and a path to citizenship to 1,000 people willing to invest $1 million in BTC or USDT. Tether provides technical support for the program. Investors are required to deposit a non-refundable deposit of $999 in the form of Bitcoin or USDT. If all places are filled, $1 billion will be raised for El Salvador. However, Alistair Milne, founder of crypto hedge fund Altana Digital Money, believes that the project is not competitive in the global market because investors can buy EU citizenship for less money.
