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El Salvador's Congress has approved a migration law granting expedited citizenship to foreigners who make bitcoin "donations" to government social and economic development programs. In a surprise vote late Wednesday evening, the unicameral legislature passed the reform with support from President Nayib Bukele's New Ideas party, which controls Congress. The reform cites the "vital interest" of the president's development projects, highlighting "altruistic foreigners interested in supporting the economic, social and cultural development of El Salvador . by donating bitcoin."

El salvadorUnited statesGerardo arbaizaLeslie adlerAdriana barreraEl salvador congressInternational monetary fundPresident nayib bukeleNew ideasCentral american