Millions of people from all across the globe nowadays are trading in cryptocurrencies, and there is barely any country in the world in which you cannot use cryptocurrencies. Nowadays, the rules and regulations of every country are changing. It is, therefore, very necessary for you to change your cryptocurrency trading skills and things accordingly.
Today, we will bring up a very important topic, and that is getting citizenship by investing in cryptocurrency investors. You might be well aware that cryptocurrency is operated over the digital platform, and therefore, not all countries can accept it as its official currency.
However, a country has taken a step forward in encouraging cryptocurrency and another digitally operated cryptocurrency. The country named El Salvador has started accepting bitcoins as their official cryptocurrency now. It is the first country in history that has ever accepted any cryptocurrency as its official and legal currency. In such a country where cryptocurrencies are accepted at the legal level, cryptocurrency investors have gotten a lot of plus points. One of the very first benefits of staying in such a country is that you will get citizenship.
What Are The Perks?
As far as it is concerned with citizenship through cryptocurrencies, any country offering you the same thing will be providing you with additional perks. Let us tell you that there are plenty of benefits that you can enjoy by becoming an owner of the cryptocurrency which is accepted in that particular country, and it is going to transform your life completely.
Below given points contained some of the most important and compelling reasons because of which you should have a passport or citizenship from any country in which cryptocurrencies are accepted as a legal investment.
- One of the most prominent reasons you should have citizenship of the country in which the cryptocurrencies are accepted as legal tender is that you will be completely free of the effect from the cryptocurrency band countries. Yes, you have read it completely right. It is not the fact that all the countries in the world accept cryptocurrencies.
Some countries like Iraq, Nepal, Pakistan, and UAE impose a complete ban on cryptocurrencies like bitcoin, and therefore, you cannot function or make money with cryptocurrencies. However, on the contrary, if you stay in such a country and want to take ownership of cryptocurrencies, you can have dual citizenship from any other country.
- When you have dual citizenship with a country that allows cryptocurrencies to be their legal currency, you will enjoy a very incredible benefit, and that is regarding travel. Yes, you will get complete travel freedom to thousands of different countries to serve different purposes.
It could be a conference meeting or an event that you might want to attend in the blockchain and cryptocurrency industry. However, there are many other things as well, like ICOs that you can take part in two different countries by having ownership of bitcoins and other cryptocurrencies.
- If you are a resident of America, you might be well aware that while living in this country, you have to pay a high degree of taxes when dealing in Kattu currencies. However, now you can get citizenship of the other country in which the cryptocurrencies are accepted as legal tender. By doing so, you will save a lot of money that you are going to pay as a tax in America itself. Also, it will be a great benefit for you because you will see you being a lower tax and you can make investments in the other countries.
- Countries like the United States of America have a very complicated set of procedures and rules for cryptocurrency holders. It is the home to the largest number of cryptocurrency holders. Suppose you want to eliminate such strict regulations on cryptocurrency trading and investments on platforms like Crypto Genius. In that case, you can get citizenship from the country in which cryptocurrencies are legal
The points described above provides you with a detailed explanation of some of the most important benefits that you can enjoy by having citizenship in a country that allows bitcoin as a legal tender. If you want to make investments, make sure to get citizenship by investing in cryptocurrencies through such a country like El Salvador.
If you are interested in even more business-related articles and information from us here at Bit Rebels, then we have a lot to choose from.