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."
Broadridge to Bolster Prometheum's Digital Asset Securities Infrastructure
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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