Can buy citizenship for 44 bitcoin

The Republic of Vanuatu , a Pacific island nation located in the South Pacific Ocean, declares that it will give the citizenship for those who invest 44 bitcoin.

Vanuatu is a member of the Commonwealth and citizenship provides visa-free travel to 113 countries including the UK, Russia and European Union states.Vanuatu also advertises its low taxes for citizenship buyers, offering a second passport in a country that levies no capital gains or income taxes

Chairman of the Vanuatu Information Centre Geoffrey Bond said that “the Government of Vanuatu has explicitly expressed a desire to be at the forefront of adopting new technologies, officially encouraging the VIC to receive payments in Bitcoin.” However, he also offered reassurances that the nation would undertake normal “due diligence probity checks” as well as running Bitcoin transactions through the Australian Exchange to ensure they meet the Australian Financial Regulator’s compliance requirements.(Fortune)