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How the Saint Lucia Citizenship By Investment Program Can Benefit Crypto Investors Seeking a Tax Haven

  Photo by yousef alfuhigi on Unsplash Cryptocurrency investors are always on the lookout for tax-efficient solutions to minimize their tax liabilities. One option that is gaining popularity among investors is the Saint Lucia Citizenship By Investment Program. In this article, we'll explore how this program can benefit cryptocurrency investors looking for a tax haven country. Saint Lucia is a sovereign island country located in the Caribbean Sea. Its Citizenship By Investment Program (CIP) was established in 2015, allowing investors to obtain a second passport by making a qualifying investment in the country. Saint Lucia's CIP has become a popular choice for high-net-worth individuals and entrepreneurs seeking a safe haven to protect their assets and minimize their tax liabilities. Saint Lucia's second passport permits travel to 145+ global countries visa-free, including the United Kingdom, Singapore, Hong Kong, as well as the European Union countries. The Saint Lucia pass

Could PayPal Be Launching Its Own Stablecoin?

A developer named Steve Moser found references to something many refer to as "PayPal Coin" inside PayPal's iOS application. Bloomberg asked the organization for additional subtleties, and PayPal senior VP of crypto and computerized monetary standards Jose Fernandez da Ponte affirmed Moser's discoveries.

"We are exploring a stablecoin," Fernandez da Ponte told Bloomberg, "if and when we try to push ahead, we will obviously, work intimately with significant regulators." But an organization representative said the code Moser found resulted from a hackathon, so it's not considered final.

PayPal has gradually broadened its venture into the crypto market in the course of the most recent couple of years. It began to work with the acquisition of select cryptographic forms of money in late 2020, for instance, and in March 2021 it added the "Checkout with Crypto" element to allow clients to purchase things with their advanced tokens. Open an account