In a letter to its authorized agents, the St. Kitts and Nevis Citizenship by Investment Unit announced the acceptance of cryptocurrencies as a partial source of wealth in citizenship applications, as part of new amendments that also allow relatives to fund the investment.
The Unit’s decision to include cryptocurrencies as part of an applicant’s net worth reflects an understanding of global changes in the financial sector, a strong indication of its commitment to keeping pace with economic developments, and a better understanding of the nature of applicants’ investments, in line with recent global trends, particularly in the investment field.
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