With its improvements in cryptocurrency regulation and personal security, El Salvador promoted itself as a vibrant destination for Bitcoin investors seeking crypto-friendly countries to live in. However, this allure has apparently not been enough to attract the attention of this target audience.

A recent public records inquiry by El Mundo, a local Salvadoran outlet, found that zero passports had been issued as part of the ‘Adopting Bitcoin’ program, which was spearheaded by Salvadoran authorities to provide the so-called ‘freedom passports’ to Bitcoin investors willing to donate $1 million in BTC or USDT to the country. The program aimed to attract at least 1,000 investors to settle in El Salvador, with the goal of raising $1 billion in the process.

The outlet communicated with the General Directorate of Migration and Immigration, the institution in charge of issuing passports. The institution denied having issued any documents deriving from those processes.

This information contradicts social media reports that disclosed at least two families of four had used this fast-tracking procedure to expedite the issuance of their passports. Additionally, Jon Lister, co-founder of the Canadian broker Satstreet, was identified as one of the first recipients of a passport issued through the ‘Adopting El Salvador’ fast track. Since then, official sources have not released further data regarding the number of passports issued.

In February, the Bitcoin Beach project’s X account also mentioned having encountered at least seven individuals picking their Salvadoran platforms after applying to this program.

At that time, Max Keiser, Bukele’s Advisor on Bitcoin, stated that the demand was high and they were “overwhelmed with requests,” disclosing that they were already processing 110 visas linked to the program.

Read more: El Salvador Introduces Exclusive Citizenship Through $1 Million Crypto Investment

Nonetheless, “Adopting El Salvador” has been the subject of criticism since its beginning. Some stated that prices were excessively high, commenting that this scheme was uncompetitive even compared to European Union standards.

To follow all the latest developments in crypto and the economy in Latin America, sign up for our Latam Insights newsletter below.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。