Ver founds passportsforbitcoin.com, to enable anonymous transfers of funds to St. Kitts, an island in the Caribbean, in exchange for second passports. St. Kitts allows second passports to be bought for either a US$400,000 investment or $250,000 donation. The passport allows visa-free travel to 120 countries. There are no taxes on personal income or capital gains and the islands’ restrictive disclosure laws offer shelter from outside scrutiny.
St. Kitts’ government is much more libertarian compared with the U.S.. It’s not even close. So all these early bitcoin adopters, of course if they have the means, they’d rather be a citizen of St. Kitts.
One target is wealthy Chinese who cannot get their money out of China:
The processing agent in St. Kitts told me he feels bad for all of his Chinese clients. They have to reach out to all different friends and relatives and get them to all send the money in drips and drabs. Bitcoin solves all of that. I’m going to China next month to explain to people that bitcoin is the easiest way to pay for things outside the country.