U.S. traders are buying 'digital residency' in Palau to skirt restrictions on the amount of cryptocurrency they can withdraw and the exchanges they can use. Major exchanges have already banned the ID, fearing abuse.
The whole point of this card is basically to bypass KYC requirements for crypto exchanges that don’t allow US customers. They are very explicit about this in their marketing.
The whole point of this card is basically to bypass KYC requirements for crypto exchanges that don’t allow US customers. They are very explicit about this in their marketing.