A Crypto Side Door: Buying a ‘Digital Residency’ in Palau for $248

Palau offers a 'digital residency' for $248, allowing access to crypto exchanges banned in some countries. Binance founder Changpeng Zhao was an initial promoter.

A Crypto Side Door: Buying a ‘Digital Residency’ in Palau for $248
  • Palau offers 'digital residency' for $248 to access crypto exchanges banned in some countries.
  • The residency is valid for one year and doesn't include citizenship or a passport.
  • Applicants need to go through anti-money laundering checks and give a form of ID.
  • The program's website says the card can be used for identity verification in a variety of businesses across the world.
  • Binance founder Changpeng Zhao was an initial promoter of the Palau digital residency program.
A Crypto Side Door: Buying a ‘Digital Residency’ in Palau for $248
The island nation’s program advertising suggests residency could circumvent bans on services such as Binance