Why are people in the crypto circle talking about small country passports? The underlying logic is actually quite clear.
**First, let's talk about taxes**
Earning money is one thing, how to preserve it is another. This is a concern for everyone. Places like Antigua, Saint Kitts, and Saint Lucia basically don't tax offshore income, capital gains, or inheritance. Think about it—if your crypto assets have multiplied dozens or even hundreds of times, legally saving on taxes is no small matter.
CRS is getting stricter and financial account information is everywhere. Changing identity and re-planning tax residencies at least makes your financial structure more flexible and prevents you from being passively targeted.
**Next, let's look at travel**
Saint Kitts passports can grant visa-free access to over 160 countries, including the UK and the entire Schengen Area. Malta is roughly the same. For those who need to travel around the world, this is simply a must-have.
Many people's original passports have very few visa-free countries, applying for visas to developed countries is slow and troublesome, and rejection is possible. A good passport directly solves this pain point. Visiting projects in Dubai, flying to London for meetings, or taking a European tour—just go.
**Finally, risk hedging**
Some countries' attitudes toward cryptocurrencies fluctuate, and policy tightening is normal. China, India, Nigeria have all had strict restrictions. Holding an additional passport provides an extra layer of buffer.
Asset transfer, exchange registration, business setup—all can be handled with another identity. This isn't escaping, but leaving yourself an alternative plan. If a country's policies suddenly change, at least you won't be caught off guard.
Ultimately, for crypto people, small country passports are not a luxury but a tool. Reducing tax burden, improving travel efficiency, and avoiding policy risks—these three points combined are the reason for its popularity.
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MainnetDelayedAgain
· 14h ago
According to the database, the issue of crypto people changing passports has been delayed for nearly three years, and the project's "reasonable tax planning" has really gained some traction.
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MetaverseMortgage
· 18h ago
Wow, really, I have to admit this logic is indeed perfect.
But on the other hand, CRS is getting more and more strict now, just changing a passport might not be enough anymore.
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HalfBuddhaMoney
· 12-11 00:53
They really treat passports as financial tools, the mindset of crypto people is truly incredible.
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FUDwatcher
· 12-11 00:53
Basically, it's about legal tax avoidance + free travel + leaving a safety net for yourself. This logic has been played out in the crypto circle for a long time. The key is that CRS is now watching too closely, and if you don't take action, you'll be passive. A few people I know are working on it. Saint Kitts indeed offers visa-free entry for many, but the real issue is the tax problem—saving a lot of money.
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ruggedNotShrugged
· 12-11 00:52
It's the same old passport routine, basically a business strategy for legal tax avoidance—just a clever trick used by smart people.
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SandwichTrader
· 12-11 00:41
In simple terms, it's legal tax avoidance + free travel. This combination is indeed perfect. I already have several friends around me contemplating this.
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LiquidatedNotStirred
· 12-11 00:35
Basically, it's a combination of tax evasion and跑路方案, sounds pretty cool, but how many can actually successfully execute it?
Why are people in the crypto circle talking about small country passports? The underlying logic is actually quite clear.
**First, let's talk about taxes**
Earning money is one thing, how to preserve it is another. This is a concern for everyone. Places like Antigua, Saint Kitts, and Saint Lucia basically don't tax offshore income, capital gains, or inheritance. Think about it—if your crypto assets have multiplied dozens or even hundreds of times, legally saving on taxes is no small matter.
CRS is getting stricter and financial account information is everywhere. Changing identity and re-planning tax residencies at least makes your financial structure more flexible and prevents you from being passively targeted.
**Next, let's look at travel**
Saint Kitts passports can grant visa-free access to over 160 countries, including the UK and the entire Schengen Area. Malta is roughly the same. For those who need to travel around the world, this is simply a must-have.
Many people's original passports have very few visa-free countries, applying for visas to developed countries is slow and troublesome, and rejection is possible. A good passport directly solves this pain point. Visiting projects in Dubai, flying to London for meetings, or taking a European tour—just go.
**Finally, risk hedging**
Some countries' attitudes toward cryptocurrencies fluctuate, and policy tightening is normal. China, India, Nigeria have all had strict restrictions. Holding an additional passport provides an extra layer of buffer.
Asset transfer, exchange registration, business setup—all can be handled with another identity. This isn't escaping, but leaving yourself an alternative plan. If a country's policies suddenly change, at least you won't be caught off guard.
Ultimately, for crypto people, small country passports are not a luxury but a tool. Reducing tax burden, improving travel efficiency, and avoiding policy risks—these three points combined are the reason for its popularity.