EU, New Zealand: Crypto ‘could be’ financial asset for travel visa
- A press officer from the European Commission said that presenting crypto assets to the consulate can be accepted as long as it is justified.
- Some countries have hinted that they are ready to accept crypto as proof of funds.
- However, governments like the UK still view “bitcoin savings” as unacceptable proof for student visas.
Sooner or later, travelers who hold crypto assets could present their tokens as proof of financial stability for travel visas.
European Commission press officer Laura Bernard explained how essential proof of funds such as bank statements are for international travel. She further added that showcasing digital assets, such as , is not religiously unacceptable:
As each visa application is assessed on a case-by-case basis, there is no single rule regarding proof of sufficient financial means. Accordingly, there could be individual situations where a consulate could also accept other proof of assets, such as crypto-assets, whenever warranted by the particular circumstances of the applicant and intended travel.
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