Whats New – <\/p>\n
Source:
\nYou Can Buy Citizenship To This Island Nation For Only 44 Bitcoin.
\nIt’ll only cost you 44 bitcoin. Or $200,000.
\nBy Natasha Bach.
\nEver wish you could be like those spies in the movies with multiple passports? Or, perhaps your escape to Canada hasn\u2019t worked out quite the way you planned?
\nA tiny island nation in the South Pacific has you covered, for a price.
\nVanuatu, the island that counts equally tiny nation Fiji as a neighbor \u2014 though it\u2019s 700 miles away \u2014 is now granting full citizenship in exchange for $200,000.
\nThe country is also accepting payments in Bitcoin, becoming the first country to accept payment in cryptocurrency for citizenship. With Bitcoin currently trading at $4,581, the program would cost you just shy of 44 bitcoin.
\nVanuatu is a member of the Commonwealth, an intergovernmental organization of 52 member states, most of which are former British colonies. And as Business Insider points out, citizenship allows visa-free travel to 113 other countries. Those who buy citizenship face low taxes and are not required to pay capital gain or income taxes.
\nChairman of the Vanuatu Information Centre Geoffrey Bond noted that \u201cthe Government of Vanuatu has explicitly expressed a desire to be at the forefront of adopting new technologies, officially encouraging the VIC to receive payments in Bitcoin.\u201d However, he also offered reassurances that the nation would undertake normal \u201cdue diligence probity checks\u201d as well as running Bitcoin transactions through the Australian Exchange to ensure they meet the Australian Financial Regulator\u2019s compliance requirements.<\/p>\n
Be sure to visit us at Twitter <\/p>\n
Feel support us by visiting our website for additional information:
\nlink: <\/p>\n