As digital currencies become a mainstay in society, a great number of governments have enforced strict tax guidelines, severe money transmission rules, and tough regulations. Because of a few nation-states’ harsh rules against cryptos, there are individuals who plan to renounce their citizenship in order to become stateless. Some people will also attempt to get double-citizenship, as both of these acts may help sovereign individuals avoid government intrusion and theft.

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A Cryptocurrency Advocate’s Quest for Financial Sovereignty May Involve Hard Choices

It’s been close to 11 years since the inception of Bitcoin and during the last few years government agencies and law enforcement have been cracking down on digital currency holders. In certain areas around the world, a few countries have extremely difficult crypto laws and stringent capital gains taxes. Countries like the U.S. have imposed strict regulatory guidelines across the cryptocurrency…

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Source: https://news.bitcoin.com/harsh-laws-make-bitcoin-holders-consider-renunciation-or-dual-citizenship/