In what might be a new sign of crypto adoption, some countries might start considering crypto assets as proof of financial stability at the time to issue entry visas.
— told Peninsula Visa that it would only be willing to accept fiat bank statements at this time for proof of funds. However, other immigration departments hinted that there was nothing explicitly prohibiting travelers from using crypto to meet this requirement.
"There is no ban on using cryptocurrency as evidence of funds but applicants would need to provide evidence of the amount and ownership,” said Immigration New Zealand manager Marc Piercey. “Visa applicants are likely to find it easier to show more traditional forms of funds such as bank statements or credit card balances.”
Laura Bernard, press officer for the European Commission, reiterated that bank statements or proof of income was needed “in almost all cases,” but added that there wasn’t a universal policy for all EU member nations: “As each visa application is assessed on a case-by-case basis, there is no one-size-fits-all rule regarding the proof of sufficient financial means. As a result, there could be individual situations where a consulate might also accept other proof of assets, such as crypto-assets, whenever this is justified by the particular circumstances of the applicant and the intended journey.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Future of finance: US banks partner with crypto custodiansThe rising demand for digital assets from institutional investors will result in traditional financial institutions working hand-in-hand with crypto custodians and service providers.
Lire la suite »
North Korean Hackers Launder Crypto Using Sophisticated Techniques: ReportThe Lazarus Group will 'continue to adapt its cybercrime tactics' to attack companies from the financial and crypto sectors, the CNAS alerted.
Lire la suite »
Making Sense of India's New Crypto RulesIndia's first concrete steps in acknowledging crypto may be here to stay, having spurred both excitement and confusion over whether the country is approving crypto as an asset.
Lire la suite »
Cointelegraph’s Top 100 in Crypto and Blockchain list reaches the halfway markHave you seen the Cointelegraph Top 100 list? We are already halfway in. From crypto heavyweights such as Arrow Capital CEO Su Zu to Ethereum co-founder Joseph Lubin, we have captured all the biggest names in the space.
Lire la suite »
Huge opal sells for almost $144,000 at Alaska auctionThe opal is larger than a brick and is broken into two pieces, which was a practice used decades ago to prove gem quality.
Lire la suite »
Cardano Enters Top 3 of Most Developed Coins on Crypto MarketCardano still remains one of the most developed blockchains in the industry, according to santimentfeed
Lire la suite »