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."
SECβs Chair Gary Gensler Hints at Exit, Defends Tough Crypto Regulations
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
π₯Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
π₯Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 β the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether youβre in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
π Don't miss out β secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 β the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether youβre in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
π Don't miss out β secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 β the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether youβre in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
π Don't miss out β secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 β the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether youβre in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
π Don't miss out β secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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