You are here: Home » International » News » Economy
Business Standard

Bitcoin can now buy you citizenship in the world's happiest countries

Vanuatu, a South Pacific archipelago of some 80 islands, will now let outsiders use the volatile cryptocurrency to apply for so-called investment citizenship

Sara Clemence | Bloomberg 

Got some bitcoin burning a hole in your digital wallet? And paradise on the mind? You could use it to buy a second passport. Vanuatu, a South Pacific archipelago of some 80 islands, will now let outsiders use the volatile cryptocurrency to apply for so-called investment citizenship. Fork over the equivalent of about $280,000, and your family of up to four can receive passports from what the New Economics Foundation, a UK-based think tank, calls the fourth-happiest country in the world. (It ranked No 1 when the list was first published in 2006, but like the vagaries of the market, ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sun, October 15 2017. 02:08 IST
RECOMMENDED FOR YOU