Vanuatu Becomes First Nation to Accept Bitcoin in Exchange for Citizenship

The South Pacific island nation of Vanuatu has become host to the world’s first government to accept bitcoin in exchange for citizenship. Vanuatu’s citizenship program costs $200,000 USD, meaning that at current prices the residency program costs less than 41.5 bitcoins.

The Chairman of the Vanuatu Information Center (VIC)– which oversees Vanuatu citizenship applications –  Geoffrey Bond, had sent an official request earlier this month seeking permission to accept bitcoin as a form of payment.
Must Do Takeaways from the above News:
  • Vanuatu is a South Pacific Ocean nation made up of roughly 80 islands that stretch 1,300 kilometres. 
  • Port Vila is the capital city of Vanuatu.
  • Tallis Obed Moses is the present President of Vanuatu.
Source- Various Sources

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