wellington
Entrepreneur
Pretty certain a country (estonia?) did this back in the day... ended up being a AML headache they are now just cleaning up...Interesting but there is not much information on discord channel, and according to my experience with Estonian e-residency, it seems too much smoke without fire...
For me, the capital world of crypto will be no doubt UAE - rich people with a huge voice on the table- which can anytime say ''NO'' to the rest of the world, no offense but Palau is irrelevant like me, it will be very hard for the Western World to accept 0% tax for individuals who never ever plan to live in that country.
It's a dream for anybody who thinks that paying 199 dollars for the registration and then $49.50 for shipping and handling will enable him to enjoy zero tax.
Another big cash out for Tim Draper exploiting the poor is likely
would be useful for KYC on exchanges etc, banks in europe/uk etc... but in the country itself? useless.My guess is that these Palau ID cards are going to be only moderately more useful than those issued by the Principality of Sealand.