Damus
Sjors Provoost profile picture
Sjors Provoost
@provoost
"It's estimated that a few hundred Dutch crypto investors became a 'digital resident' of Palau [...] for $288 [...]. Several large crypto exchanges accept this ID, the FD found" - a Dutch financial newspaper prints on their Saturday frontpage.

Interesting, tell me more! :-)

6
Akashi Hyogo · 2d
What? Wow.
Sjors Provoost · 2d
It's mostly a way to use exchanges and other gambling platforms outside the EU. I doubt you can use this on any MiCaR regulated platform. It sounds to me like those exchanges don't really want to refuse EU customers anyway, and this gives them an excuse. Interestingly, the company behind these ID ...
Leo Wandersleb · 2d
What's the problem? Isn't it a sovereign nation? https://en.wikipedia.org/wiki/Palau