{"id":465302,"date":"2023-12-13T14:24:45","date_gmt":"2023-12-13T14:24:45","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=465302"},"modified":"2023-12-13T14:24:45","modified_gmt":"2023-12-13T14:24:45","slug":"el-salvadors-bitcoin-freedom-visa-will-sell-out-before-end-of-2023-officials-say","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/el-salvadors-bitcoin-freedom-visa-will-sell-out-before-end-of-2023-officials-say","title":{"rendered":"El Salvador\u2019s Bitcoin &#8220;Freedom Visa&#8220; Will Sell Out Before End Of 2023, Officials Say"},"content":{"rendered":"<p>El Salvador&rsquo;s Freedom Visa for crypto investors is expected to sell out its 1,000 places before the end of the month, according to the country&rsquo;s National Bitcoin Office (ONBTC).<\/p>\n<p>A spokesperson from ONBTC told <a href=\"https:\/\/cointelegraph.com\/news\/el-salvador-bitcoin-freedom-visa-sell-out-end-2023\" target=\"_blank\" rel=\"noopener\">CoinTelegraph<\/a> that it already has hundreds of inquiries and dozens of online and in-person applications at embassies and consulates.<\/p>\n<h2>$1 Million Price Tag For El Salvador Bitcoin Freedom Visa &ldquo;Fair&rdquo;<\/h2>\n<p>El Salvador announced the visa program earlier this week, saying it is open to those who invest $1 million in BTC or USDT.<\/p>\n<p>The $1 million price tag met mixed reactions from the crypto community, with some saying the program was uncompetitive.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">El Salvador offering Visas and citizenship to anyone investing $1million (in USDt or Bitcoin) in the country<\/p>\n<p>Frankly uncompetitive in the global market (can get EU citizenship for less) so disappointing <a href=\"https:\/\/t.co\/ALydiMAJRj\">https:\/\/t.co\/ALydiMAJRj<\/a><\/p>\n<p>&mdash; Alistair Milne (@alistairmilne) <a href=\"https:\/\/twitter.com\/alistairmilne\/status\/1732873288483828070?ref_src=twsrc%5Etfw\">December 7, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The National Bitcoin Office believes the price tag is fair.<\/p>\n<p>&ldquo;If anything, in fact, it is actually underpriced,&rdquo; said the spokesperson. &ldquo;While there are many citizenship programs available in the world, there is only one Bitcoin country.&rdquo;<\/p>\n<p>Despite the price tag, the program will likely appeal to many crypto supporters because of the nation&rsquo;s friendly legal framework.<\/p>\n<p>El Salvador gave <a href=\"https:\/\/insidebitcoins.com\/news\/el-salvadors-new-freedom-visa-program-requires-1-million-crypto-investment-may-raise-1-billion-annually\" target=\"_blank\" rel=\"noopener\">regulatory approval<\/a> for its long-awaited Bitcoin bonds on Dec. 12, the world&rsquo;s first, and said they will launch in Q1 next year. Proceeds from the bond issue will fund the construction of a &ldquo;Bitcoin City.&rdquo;<\/p>\n<p>El Salvador does not impose capital gains taxes on Bitcoin investors and removed taxation for crypto firms operating in the country.<\/p>\n<h3>Also Read<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/worlds-first-bitcoin-bonds-approved-for-launch-in-el-salvador-in-first-quarter-next-year\">World&rsquo;s First Bitcoin Bonds Approved For Launch In El Salvador Early Next Year<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/elizabeth-warren-introduces-bill-to-crack-down-on-cryptos-illicit-use\">Elizabeth Warren Introduces Bill To Crack Down On Crypto&rsquo;s Illicit Use<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/binance-sees-market-share-plummet-by-25-amid-legal-regulatory-troubles\">Binance Sees Market Share Plummet By 25% Amid Legal, Regulatory Troubles<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Most Searched Crypto Launch - 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After graduating with an Honours in journalism, media and communications, he has been part of the crypto industry for more than a year now. Conducting on-chain analysis, breaking down market triggering events, and publishing Op-Ed pieces, he finds gratification diving deep into the crypto space, earning himself significant knowledge and experience. 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