You might have heard about the country El Salvador that is now offering citizenship to individuals who invested three Bitcoins or more. If so, you are not alone. Portugal is now selling its first apartment for cryptocurrency and El Salvador has announced plans to offer citizenship to anyone who has invested at least three Bitcoins. Here is how much 3 Bitcoins are worth in Dollars. And, of course, you can see how much you can get in local currencies with this currency.
El Salvador will offer citizenship to people who have invested in at least three bitcoins
The new law in El Salvador will grant permanent residency to foreign investors who invest at least three bitcoins. These digital currencies are valued at approximately $100,000 each, and the new law allows foreign investors to invest in real estate and other investments in the country. This investment stream will lead to the granting of citizenship once due diligence has been conducted. Once qualified, the new law will be sent to the country’s congress for final approval.
The government is not attempting to dedollarize the country, but rather to attract more investors to the new currency. In 2001, El Salvador adopted the U.S. dollar as the primary currency, and has been slowly phasing out its local currency due to high volatility. The new law will take effect 90 days after it is published. In the meantime, the government of El Salvador will offer citizens $30 worth of bitcoin in exchange for downloading the new government app Chivo.
While many are worried that this move is a sign of instability in the country, President Bukele has embraced bitcoin. He said he plans to introduce a series of reforms aimed at attracting nontraditional capital. Bitcoin has been accused by many of being a dangerous and unsavory asset, and he has come out in support of it. The tweet has garnered over 42,000 likes from people in El Salvador.
Portugal’s first transaction for sale of an apartment for cryptocurrency
Portugal has made history by recording the first real estate transaction in the use of cryptocurrency. Last Thursday, three Bitcoins were used in the purchase and sale of a three-room apartment in Braga. The new rule will allow cryptocurrency users to directly interact with real estate properties without the need to convert crypto into euros. It is a big step forward for digital currencies, but there are still many legal and financial challenges to overcome.
A spokesperson for A Zone said that the transaction was a big challenge for both parties, but it was the first of its kind in the country. The process took three months to complete, and the objective was to create a transparent process. In Portugal, any real estate transaction exceeding 200,000 euros must be registered with the government, and any transaction with cryptocurrencies is subject to the same reporting requirements. The value of the coins in the buyer’s wallet must match the value of the title deed.
The Portuguese government has recently approved rules allowing real estate deals using cryptocurrencies. The new rules allow digital currencies to be used as a form of currency in areas where traditional currency is not widely accepted. Among the first transactions in Portugal were those in Braga, where the apartment was sold to an investor using three bitcoins. The transaction was reportedly the first in Portugal. Several other countries, including Portugal, are also moving in the direction of using digital currencies for real estate transactions.
Value of 3 Bitcoins in Dollar $s
If you’ve ever wondered what 3 Bitcoins are worth, you’re not alone. The value of three Bitcoins in dollar $s is one of the most frequently asked questions about the cryptocurrency. Fortunately, there are several free online tools to help you convert the value of 3 Bitcoin to dollar. The following table lists the conversion factors for three Bitcoins and US Dollars. The information provided is updated every three minutes.