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Title: What’s Really Going on With Bitcoin and US Visas? Post by: tyz on May 16, 2017, 05:23:59 PM In 1990, changes were made to US immigration law which allowed foreign investors to get into a sort of express lane for visas. The result was the EB-5 visa or, as some have portrayed it, a way to “buy your US Visa if you’re wealthy enough.”
In March, the US Citizenship and Immigration Service published a document which mentioned Bitcoin. The document has nothing to do with the government accepting Bitcoin for visa application fees, as some would have you believe. The reason that would be significant is that if the government is willing to accept Bitcoin for fees, the next step is accepting it for tax payments, which equates to full legitimacy as well as a whole new frontier of regulatory problems. Here is what the document actually says regarding Bitcoin: Quote One question regarding source of funds related to the use of Bitcoin to transfer investment funds to the new commercial enterprise. USCIS is currently considering issues involving virtual currency such as Bitcoin. USCIS cannot provide blanket assurances regarding any particular form of transfer, but we will continue to evaluate evidence provided by petitioners to determine whether the relevant statutory and regulatory requirements have been met, including evidence that the funds invested belong to the petitioner, and were acquired, directly and indirectly, by lawful means. Source (https://www.cryptocoinsnews.com/hype-watch-whats-really-going-on-with-bitcoin-and-us-visas/) |