For friends in the crypto world, overseas identity planning goes without saying; it's about freely exploring the crypto space or being prepared for the unexpected, after all, there have been many cautionary tales. What is not recognized also means that the virtual will not become one's own; nobody wants to be like Changpeng, everyone wants to be free and uninhibited like Yuchen. Of course, Yuchen's approach is worth emulating. Where is the true home for crypto? Yuchen has provided the answer! El Salvador. The Bitcoin Kingdom, the first to adopt Bitcoin as legal tender, deeply binding the national currency, integrating it into the income of educational workers, and life is filled with cryptocurrencies, even spending hundreds of millions on geothermal power generation facilities for mining. Even under pressure from the IMF, they still aim to chase after 20,000 bitcoins in the future.
The Salvadoran passport is relatively simple; holders of their nationality can enjoy a short one-year validity, and can also obtain it using cryptocurrencies, with a fixed return of 7.5%. The processing time is only 2-3 months, with no need to log in, no immigration monitoring, and no language or educational requirements, and there's even no need to submit a clean criminal record. Of course, simple does not mean useful; the key is that it should be usable and not just collect dust. As a legislative identity, El Salvador has relatively few shortcomings.
Visa-free travel to over 140 regions, including Japan, South Korea, and the European Union, with a jump to Spain (with a two-year entry period), no retroactive scrutiny of wealth sources, and no global restrictions. This is the key for the crypto world. At the same time, it remains a non-CRS destination; while not globally collecting taxes, there is only value-added tax locally. It supports dual identities, allowing both generations to obtain it simultaneously, with green channels for children's education, quietly connecting to elite schools. Besides being preventive, it doesn't become useless, making it suitable for the crypto world and most high-net-worth destinations.
