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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...
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Next Cryptocurrencies to Explode in 2022

Photo by Maximilien T'Scharner on Unsplash


Bitcoin is having a mediocre year. While the first cryptocurrency was created, it has gained 18% in the last 30 days and is currently trading above $42,700 as of this writing. As Bitcoin maintains its current price range, here are a few cryptocurrencies that are off to a strong start in 2022.

At the time of writing, Aave is up 28 percent in the last four weeks and is currently trading at $165.88, outperforming Bitcoin by a respectable 10 percent. Aave is a decentralised finance (DeFi) platform that allows users to borrow and lend a variety of cryptos directly to one another. Aave was the first DeFi project to offer uncollateralized loan options known as "flash loans." Borrowers on the Aave network can easily switch between variable and fixed interest rates based on market conditions, giving investors more control and savings.

Elrond is currently trading at $184.89, up 33% in the last four weeks, nearly doubling Bitcoin's performance. The Elrond project's developers describe it as a blockchain platform for the "new internet economy, decentralised applications, and enterprise use." Its key differentiator is its ability to execute more than 15,000 transactions per second, with transaction settlements occurring in six seconds and a transaction cost of less than 1/100th of a penny. To encourage platform adoption, the project offers developers who build decentralised applications on the Elrond layer a royalty-sharing model in which they can earn up to 30% of smart contract fees.

Kyber Network is up in the last 30 days, Kyber tokens are currently trading at $3.16 each. Kyber claims to be the first tool that allows users to exchange cryptocurrency directly with one another without the use of a third-party centralised exchange. It was created to connect various liquidity pools – a collection of funds deposited into a smart contract – across blockchains while maintaining a high level of security.

The Kyber framework is also extremely "user friendly" for developers, allowing for the rapid launch and deployment of new services, features, and use cases across the entire Kyber network.

Please keep in mind that these are just my thoughts and not financial advice. Every investor should conduct their own research and only invest what they can afford to lose comfortably. While Bitcoin's prospects are bright in the coming years, there are other cryptocurrencies to consider right now.

What Are Flash Loans?

What is DeFi?

 

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