A Pacific island nation, the Republic of Vanuatu, officially offers the opportunity to become a citizen of the country (during its citizenship-by-investment program) in less than 44 Bitcoins ($200,000).
an image from Vanuatu Information Centre
According to the press release,the Vanuatu Information Center is authorized by the government to process applications.
Thus, through the citizenship-by-investment program, approved applicants paying the $280,000 fee receive citizenship as well as Vanuatu passports for themselves and up to three members of their immediate family.
Geoffrey Bond, Member of Parliament Hon. Andrew Solomon Napuat, confirmed that the Vanuatu government supports the move to receive payments in Bitcoin. The man detailed that “all Bitcoin transactions will be run through the partner’s Australian Exchange and meet with the normal compliance requirements imposed by the Australian Financial Regulator.”
Yet, Vanuatu is not the only country to offer a citizenship-by-investment service. Its competitors in this field include Turkey, Malta, Cyprus, Dominica, St. Lucia, Antigua and Barbuda, St. Kitts and Nevis, and Grenada.