ADVERTISEMENT
ADVERTISEMENT

Vanuatu denies it will accept Bitcoin for its $200,000 citizenship program

The South Pacific island nation of Vanuatu denied it is accepting payments in Bitcoin for its $200,000 citizenship program.

LONDON – The South Pacific island nation of Vanuatu denied it is accepting payments in Bitcoin for its $200,000 citizenship program.

“The Citizenship Office, representing the Citizenship Commission, is presenting to the media and other agencies in Vanuatu, that the Citizenship Office has not got any legal confirmation on any so called Bitcoin payments as stated in the media outlets,” Acting General Secretary Samuel Garae said, according to the Vila Times.

“The Office of the Citizenship is giving an assurance to all the Citizenship Designated Agents, that all the payments concerning the DSP program will still be in US dollars as prescribed by the Citizenship Regulations,” he said.

“Any other arrangement made by any sub-agent will not be considered by the Citizenship Office.”

ADVERTISEMENT

There are seven different packages, with the most expensive being the "Elite Ultimate Privilege" scheme. It costs $60,000 for 20 years residency, along with a $600 a year membership fee.

Included in the price is a state-sponsored concierge programme, entitling members to VIP access to government agencies dealing with immigration, driving licences, and work permits.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Here's everything to know about being a virgin on your wedding night

Here's everything to know about being a virgin on your wedding night

7 do's and don’ts of the Holy month of Ramadan

7 do's and don’ts of the Holy month of Ramadan

Top 5 sweetest celebrity mother-child relationships that stand out for us

Top 5 sweetest celebrity mother-child relationships that stand out for us

International Women's Day: 5 Nigerian female celebrities championing women’s rights

International Women's Day: 5 Nigerian female celebrities championing women’s rights

Top 5 female directors in Nollywood

Top 5 female directors in Nollywood

6 things that will break a Muslim's fast during Ramadan

6 things that will break a Muslim's fast during Ramadan

5 benefits of fasting during Ramadan

5 benefits of fasting during Ramadan

5 reasons Easter was more fun when we were children

5 reasons Easter was more fun when we were children

Dos and don’ts of supporting Muslims during Ramadan

Dos and don’ts of supporting Muslims during Ramadan

ADVERTISEMENT
ADVERTISEMENT