These individuals will receive "full citizen status" with voting rights, and El Salvador will waive taxes and tariffs on their moving families and assets.

The government aims to boost the economy through foreign investment and believes the new citizens' contributions will significantly impact the country's future.

The details of the plan are still being sought from the El Salvadoran government.

Bukele, the president, has implemented various radical and controversial reforms during his tenure.

In 2021, El Salvador became the first country to adopt Bitcoin as a legal tender, along with the US dollar.

However, the International Monetary Fund (IMF) has advised against it due to concerns over Bitcoin's volatility.

Last year, El Salvador passed a law allowing foreigners to gain citizenship by donating Bitcoin to support social and economic development programs.

President Nayib Bukele has also implemented a crackdown on crime, which he claims has improved security, but critics say it has resulted in human rights abuses, including mass detentions and alleged torture in jails.