This week's edition is a must-read for enthusiasts of groundbreaking financial and musical developments! Explore El Salvador's 'Adopting Freedom Visa' program offering citizenship through cryptocurrency investment, and Tether's new strategic direction under CEO Paolo Ardoino. Also, seize the opportunity to own Michael Jackson's earliest recording exclusively on a Blockchain platform.

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El Salvador Launches $1 Million Bitcoin Citizenship Incentive Program!

El Salvador has introduced a unique "Adopting El Salvador Freedom Visa" program, which aims to draw investors by offering residency and citizenship. This initiative, capped at 1,000 applicants annually, requires a $1 million investment in Bitcoin or USDT. Successful candidates gain the potential for Salvadoran citizenship and a passport. Vice Minister of Foreign Affairs Adriana Mira emphasizes this as a chance to contribute to the nation's prosperity.

The program, potentially generating $1 billion yearly, is significantly more costly than similar programs in Caribbean nations. Tether, now led by new CEO Paolo Ardoino, is the technology partner, highlighting their commitment to financial innovation. President Nayib Bukele recently announced El Salvador's Bitcoin portfolio has regained profitability, though this claim faces skepticism. This ambitious visa program reflects El Salvador's continued investment in cryptocurrency, showcasing its dedication to financial innovation and progress.

🌐👉 To go deeper into El Salvador’s intriguing program, read the full article: [HERE]

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Tether New Voluntary Policy Will Freeze Sanctioned Crypto Wallets

Tether, the world’s largest stablecoin issuer, is taking significant steps toward regulatory compliance and collaboration with law enforcement. The company has initiated a voluntary policy to freeze wallets associated with individuals and entities on the United States Office of Foreign Assets Control's (OFAC) Specially Designated Nationals (SDN) List, which includes those controlled or owned by sanctioned countries. This move enhances Tether's security measures and aligns with global regulatory efforts to prevent illicit crypto transactions, such as funding terrorism and unauthorized drug distribution.

Contradicting its previous stance, Tether already has frozen wallets listed on the SDN List, marking a shift from its August 2022 announcement, stating it wouldn't freeze Tornado Cash addresses without a law enforcement directive. Tornado Cash has reportedly been used to launder over $7 billion in cryptocurrency since 2019. Paolo Ardoino, CEO of Tether, emphasized that these actions will bolster the positive use of stablecoin technology and ensure a safer ecosystem for users. The Hong Kong-based company's Tether stablecoin has seen its market capitalization soar to $90 billion amidst recent U.S. crypto firm crackdowns, holding nearly 70% of the market.

🌐👉 For more on how Tether is adapting its policies to enhance security and regulatory compliance in the evolving world of cryptocurrency, read the full article: [HERE]

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Michael Jackson's Earliest Song 'Big Boy' Goes on Sale Exclusively on Blockchain!

Michael Jackson's earliest known recording, "Big Boy (One-derful Version)," recorded in 1967 when he was just eight years old, is now available digitally for the first time. This rare track, predating the Jackson 5's mainstream success, is being released on Anotherblock, a blockchain-based music and royalty marketplace. Fans have a limited time to purchase it, with sales starting on Thursday, December 7, lasting only two days. The song is offered in two packages: a basic version for $25, which includes the song, stems, photos, and other Jackson-related items, and a $100 version with additional special features, including nine extra songs from 1967.

This unique opportunity allows fans to own a piece of music history, but it's unavailable on popular platforms like iTunes or streaming services. The release, which has the approval of the Jackson estate, is a nod to Michael Jackson's incredible legacy and supports a charitable cause. A portion of the proceeds will benefit families in Gary, Indiana. Katherine Jackson, Michael’s mother, praised the release, highlighting the significance of "Big Boy" in the Jackson family's musical journey and its enduring appeal.

🌐👉 To find out more about this seminal moment for Michael Jackson fans, read the full article: [HERE]