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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

Bitcoin Retakes the $18,000 Level

On Thursday, the price of Bitcoin momentarily surpassed $19,000 to hit a new high for the month. The increase followed the announcement by FTX's bankruptcy lawyers that they had recovered $5 billion in liquid assets. Following the statement from the failing cryptocurrency exchange, the price of Ethereum, Binance Coin, and Dogecoin increased as well.

The biggest cryptocurrency in the world has had difficulty rising above $18,000. Approximately 13% of the total supply is now profitable, according to data provided by CoinTelegraph from on-chain analytics company Glassnode, with the price of Bitcoin back above $18,200.

The latest increases for Bitcoin stand in stark contrast to the 64% decline it experienced last year after a slew of crypto meltdowns, including the collapse of the FTX exchange. When the future is clearer, there is no doubt that major participants will return to the market, driving up transactions and prices.

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