St. Kitts & Nevis refuses to recognize the cryptocurrency as a valid form of investment and threatens to revoke the licenses of any agents who do. In a statement titled ‘Warning!’ on the program’s website.
The Citizenship by Investment Unit would like to assure the general public that we do not recognize Bitcoins as legal investment currency for financial transactions within our Citizenship by Investment Programme. We further emphasize that we do not accept Bitcoins, have never accepted Bitcoins, and will not accept Bitcoins.
The local government says it only accept applications from licensed individuals, processed through internationally recognized banking institutions. Any agent found to be accepting Bitcoins for citizenship will have their license revoked.
The former Passports for Bitcoin website now redirects to Bitcoin.com.