St. Kitts Shuts Down Ver’s Citizenship-for-Bitcoin Program, Threatens Legal Action
A project to accept Bitcoins in exchange for citizenship to the tropical island nation St. Kitts & Nevis has been derailed by the local government, which is refusing to recognize the cryptocurrency as a valid form of investment and threatening to revoke the licenses of any agents who do. “The Citizenship by Investment Unit would like to assure the general public that we do not recognize Bitcoins as legal investment currency for financial transactions within our Citizenship by Investment Programme,” officials said in a statement titled ‘Warning!’ on the program’s website. “We further....
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An interesting post today by the St. Kitts-Nevis Citizenship by Investment Program with regard to some news that made its rounds on the web a couple of months ago. Just so you're up to date, that news I'm referring to suggested that bitcoin enthusiasts and users could purchase Citizenship to St. Kitts and Nevis using only bitcoin - provided you had enough. You could go several routes, which involve making significant investments. Benefits that come with citizenship to the island-nations include the following: Visa-free travel to 140 countries including Canada, the European Union, and Hong....
Some things in life money can't buy, but for everything else there's Bitcoin. Not too long ago you could only spend your bitcoins at a few marketplaces, now you can buy houses, cars, even your citizenship to St. Kitts and a passport to go along with it. PassportsForBitcoin.com now lets you buy your citizenship to St. Kitts completely with Bitcoin and you don't even have to live there. International Investments & Consulting Limited, the company behind the site note the many benefits of having St. Kitts citizenship: Visa-free travel to 140 countries including Canada, the European Union, and....
Photo by J. Stephen Conn. A number of countries offer investment-based citizenship, which offers nonresidents the chance to acquire citizenship in return for injecting money into the local economy. Now, under a new economic program sponsored by the local government, people can use Bitcoin to apply and pay for citizenship in a popular Caribean nation popular among tourists. Passports for Bitcoin. St. Kitts and Nevis was one the first nations to create a citizenship by investment programs, launching it in 1984. Now, the small island country is at the forefront of the next innovative....
The country’s prime minister says it is considering introducing Bitcoin Cash on a legal basis, despite being within the territory of the pioneering CBDC DCash. The Caribbean nation of St. Kitts and Nevis may declare Bitcoin Cash (BCH) legal tender by March 2023. Prime Minister Terrance Drew made that announcement while he spoke at the Bitcoin Cash 2022 conference in St. Kitts on Nov. 12.St. Kitts and Nevis is a member of the Eastern Caribbean Central Bank and part of the ECCB’s DCash central bank digital currency (CBDC) program, which was launched in March 2019. “Our nation has always been....
St. Kitts and Nevis will explore the possibility of making bitcoin cash legal tender by March 2023. The statement was made by St. Kitts and Nevis Prime Minister Terrance Drew as part of the Bitcoin Cash 2022 Conference held in the country, declaring that Bitcoin Cash mining activities will also be explored in the same way. Bitcoin Cash Could Become Legal Tender in St. Kitts and Nevis Next Year The Government of St. Kitts and Nevis will be exploring the possibility of declaring bitcoin cash legal tender as part of the process of introducing cryptocurrencies into the economy of the country.....