While citizenship by investment in St. Kitts and Nevis is an excellent idea for the climate, quality of life, and interesting Caribbean culture, there’s now another reason to get excited about St. Kitts: crypto currency. The two island federation is already known for having one of the best value citizenship by investment programs in the world, but is eager to expand its offering as an international player in the expanding financial technology and offshore industries.
As far as crypto currency is concerned, international banks in Nevis are crypto literate. They have no problems receiving properly documented fiat funds from reputable crypto exchanges, or crypto friendly banks in the US such as Signature Bank. This is significant as the cryptocurrency market is witnessing a significant recovery as it passes the $2.5 trillion mark and continues its upward trajectory.
Nevisian banks are also active in the escrow business, facilitating investments in real estate, stocks and shares and donations to the St Kitts and Nevis Sustainable Growth Fund. They have special operating privileges for paying the St Kitts and Nevis government accounts held at the National Bank (SKNA National Bank). This has all been made possible through legislation to make crypto transactions easier under-known as Virtual Asset Bill 2020. Additionally, St Kitts and Nevis has piloted its own digital currency known as DCash under the Eastern Caribbean Currency Union, further highlighting its crypto-friendly approach.