Roger Ver had reportedly run a "Passports for Bitcoin" program that would allow anyone to buy a St. Kitts passport with bitcoin.
The Prime Minister of Saint Kitts and Nevis has blamed his predecessor for the uproar over a buy-a-passport program that is drawing international scrutiny.
The Federation of Saint Kitts and Nevis is a two-island country in the West Indies, and a tax haven. Since 1984, its buy-a-passport program grants citizenship to anyone making a $400,000 real estate purchase or a $250,000 donation to the country's Sugar Industry Diversification Foundation. The citizenship was good enough to grant visa-free travel to 133 countries.
St. Kitts was once envisioned as one of several possible Bitcoin islands or Bitcoin havens, where cryptocurrency and its users can flourish without the alleged oppression of governments.
Roger Ver, "Bitcoin Jesus", had reportedly run a "Passports for Bitcoin" program that would allow anyone to buy a St. Kitts passport with bitcoin. The program ceased after a brief period and the St. Kitts government adamantly disavowed any connection to the program or Bitcoin.
[gap]
The buy-a-passport program came under fire when the United States, from where many St. Kitts immigrants originate in order to avoid tax Obligations, alleged that "illicit actors" were freely roaming the globe with a St. Kitts passport. Canada removed the visa-free benefit for St. Kitts passport holders.
St. Kitts Prime Minister Tim Harris told his parliament that the international scrutiny is βall because one man was caught up with his greed and hubris and self-interest,β referring to his predecessor Denzil Douglas, whom he replaced after a February election.
"And all he wanted was money, money for his own sake, and he was prepared to remove that which distinguishes us from other people and countries and other jurisdictions β¦ to allow the illicit actors to be able to move about with disguise," he was quoted as saying, according to National Post.
Harris went on to state that his government is working hard to strengthen the program so that "no illicit actor can participate."
The Prime Minister of Saint Kitts and Nevis has blamed his predecessor for the uproar over a buy-a-passport program that is drawing international scrutiny.
The Federation of Saint Kitts and Nevis is a two-island country in the West Indies, and a tax haven. Since 1984, its buy-a-passport program grants citizenship to anyone making a $400,000 real estate purchase or a $250,000 donation to the country's Sugar Industry Diversification Foundation. The citizenship was good enough to grant visa-free travel to 133 countries.
St. Kitts was once envisioned as one of several possible Bitcoin islands or Bitcoin havens, where cryptocurrency and its users can flourish without the alleged oppression of governments.
Roger Ver, "Bitcoin Jesus", had reportedly run a "Passports for Bitcoin" program that would allow anyone to buy a St. Kitts passport with bitcoin. The program ceased after a brief period and the St. Kitts government adamantly disavowed any connection to the program or Bitcoin.
[gap]
The buy-a-passport program came under fire when the United States, from where many St. Kitts immigrants originate in order to avoid tax Obligations, alleged that "illicit actors" were freely roaming the globe with a St. Kitts passport. Canada removed the visa-free benefit for St. Kitts passport holders.
St. Kitts Prime Minister Tim Harris told his parliament that the international scrutiny is βall because one man was caught up with his greed and hubris and self-interest,β referring to his predecessor Denzil Douglas, whom he replaced after a February election.
"And all he wanted was money, money for his own sake, and he was prepared to remove that which distinguishes us from other people and countries and other jurisdictions β¦ to allow the illicit actors to be able to move about with disguise," he was quoted as saying, according to National Post.
Harris went on to state that his government is working hard to strengthen the program so that "no illicit actor can participate."
French Regulators Target Unregistered Crypto ATMs Ahead of MiCA Implementation Deadline
Executive Interview with Michael Higgins | Hidden Road & ATFX | FMLS:24
Executive Interview with Michael Higgins | Hidden Road & ATFX | FMLS:24
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Executive Interview with Delphine Forma | Solidus Labs | FMLS:24
Executive Interview with Delphine Forma | Solidus Labs | FMLS:24
π Crypto Regulation and MiCA: The Road Ahead for Brokers and Exchanges π
In this must-watch interview, Delphine Forma, Head of UK and EU Policy at Solidus Labs, breaks down the challenges and implications of crypto regulation in #Europe, including the upcoming implementation of MiCA (Markets in #Crypto-Assets). From fragmented regulatory landscapes to unprepared exchanges, Delphine highlights the urgency for brokers and platforms to align with new frameworks by December 30.
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π Crypto Regulation and MiCA: The Road Ahead for Brokers and Exchanges π
In this must-watch interview, Delphine Forma, Head of UK and EU Policy at Solidus Labs, breaks down the challenges and implications of crypto regulation in #Europe, including the upcoming implementation of MiCA (Markets in #Crypto-Assets). From fragmented regulatory landscapes to unprepared exchanges, Delphine highlights the urgency for brokers and platforms to align with new frameworks by December 30.
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Executive Interview with Brandon Mulvihill | Crossover | FMLS:24
Executive Interview with Brandon Mulvihill | Crossover | FMLS:24
π Crypto Execution, Market Structure, and the Road Ahead: Insights from Brandon Mulvihill, CEO of Crossover #Markets π
How are #crypto execution venues reshaping the digital asset space for retail and institutional brokers? In this exclusive interview, Brandon Mulvihill, Co-Founder and CEO of Crossover Markets, shares insights on the gaps in market structure, innovations in crypto #trading, and the future of digital asset infrastructure.
With the emergence of ECNs in crypto and declining costs of trading, the digital asset space is maturing rapidly. Discover how macro trends like pro-crypto sentiment, institutional participation, and regulatory optimism are driving growth and reshaping opportunities in the crypto markets.
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π Crypto Execution, Market Structure, and the Road Ahead: Insights from Brandon Mulvihill, CEO of Crossover #Markets π
How are #crypto execution venues reshaping the digital asset space for retail and institutional brokers? In this exclusive interview, Brandon Mulvihill, Co-Founder and CEO of Crossover Markets, shares insights on the gaps in market structure, innovations in crypto #trading, and the future of digital asset infrastructure.
With the emergence of ECNs in crypto and declining costs of trading, the digital asset space is maturing rapidly. Discover how macro trends like pro-crypto sentiment, institutional participation, and regulatory optimism are driving growth and reshaping opportunities in the crypto markets.
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Executive Interview with Laura Mccracken | MyGuava | FMLS:24
Executive Interview with Laura Mccracken | MyGuava | FMLS:24
π³ #Payments Innovation and #Fintech Trends: Insights from Laura McCracken π³
In this interview, Laura McCracken, Non-Executive Director at Guava, explores how financial services are evolving through rebundling, the rise of #financial super apps, and embedded finance. As customers demand simplicity, fintech startups are driving innovation in cross-border payments and remittances, with unconventional partnershipsβlike social media platformsβunlocking new global opportunities. From streamlining payments to integrating services into daily life, the future lies in efficient, unified solutions that deliver value to both businesses and consumers.
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π³ #Payments Innovation and #Fintech Trends: Insights from Laura McCracken π³
In this interview, Laura McCracken, Non-Executive Director at Guava, explores how financial services are evolving through rebundling, the rise of #financial super apps, and embedded finance. As customers demand simplicity, fintech startups are driving innovation in cross-border payments and remittances, with unconventional partnershipsβlike social media platformsβunlocking new global opportunities. From streamlining payments to integrating services into daily life, the future lies in efficient, unified solutions that deliver value to both businesses and consumers.
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Executive Interview with Sonia Barlow | LMF Network | FMLS:24
Executive Interview with Sonia Barlow | LMF Network | FMLS:24
Diversity, Inclusion, and Entrepreneurship in Fintech: Insights from Sonia, Founder of LMF Network
How can #fintech leaders build inclusive workplaces, retain top talent, and drive meaningful change in 2025? In this engaging interview, Sonia, Founder of the LMF #Network, discusses the importance of #diversity, equity, and upskilling in modern workplaces. From practical tips for scaling businesses to addressing misconceptions about inclusion, Sonia shares actionable insights for leaders, entrepreneurs, and fintech professionals.
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Diversity, Inclusion, and Entrepreneurship in Fintech: Insights from Sonia, Founder of LMF Network
How can #fintech leaders build inclusive workplaces, retain top talent, and drive meaningful change in 2025? In this engaging interview, Sonia, Founder of the LMF #Network, discusses the importance of #diversity, equity, and upskilling in modern workplaces. From practical tips for scaling businesses to addressing misconceptions about inclusion, Sonia shares actionable insights for leaders, entrepreneurs, and fintech professionals.
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