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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

Do Banks in Canada Accept Cryptocurrencies?

Due to state and federal laws and the rising popularity of cryptocurrencies, Canadian institutions do permit and recognize cryptocurrency transactions. For instance, over 2600 Bitcoin ATMs have been placed by Canadian institutions, with 897 of those in Toronto. These ATMs enable users to swap their hard currency for digital currency as well as purchase and sell bitcoin for cash. After the US, Canada is the second country in the world with the most Bitcoin ATMs. The National Bank of Canada, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Scotiabank, ATB, and Coast Capital are some well-known Canadian banks that support crypto trade in one way or another. Many other banks are joining in as the popularity of cryptocurrencies in Canada keeps growing.

Debit cards, Interac e-transfers, and bank wire transfers are all accepted by banks for buying cryptocurrencies. Customers who wish to purchase cryptocurrencies using the Canadian dollar or other well-known fiat currencies must link their bank accounts with the cryptocurrency exchange. Cryptocurrency purchases can also be made with credit cards. This option, however, may be pricey because banks may impose higher interest rates and additional cash advance fees on purchases made with cryptocurrency credit cards.