This option is available not only to those who already hold citizenship of the country, but also to nationals of other states.
The Purpose of the Project
According to the announcement, the main goal of the project is to support the globalization of Web 3.0 and the metaverse. It is also intended, in the wording used on the crypto exchange's website, "to open the virtual asset industry to a new era." Looking ahead, decentralized digital identity should give users a way to get closer to the global metaverse.
Digital Citizenship of Dominica: How to Get It
To obtain electronic citizenship of Dominica, it is enough to:
- register on the crypto exchange - an email address and a phone number are needed for this;
- go through KYC (Know Your Client) verification - it is not yet known how long this will take, since every registrant will be checked manually by the exchange's staff;
- after verification is complete, apply for virtual citizenship from your personal account.
Many people want to know whether citizens of the Russian Federation and the Republic of Belarus can obtain a virtual Dominica passport this way. Unfortunately, it is hard to give a definitive answer. Formally, no restrictions have been set, and anyone can become an "electronic citizen." But there is still no information on how a virtual passport could be turned into a real one, or whether that will even be possible. Restrictions may appear at that stage. For now, there is nothing to do but wait for further news on the topic.
What Documents Are Required
At this stage, it is stated that registration will require:
- a passport, driver's license or ID card;
- a document confirming your address: for example, a utility bill statement, though a page of a Russian internal passport with a residence registration stamp might also work.
Advantages of Digital Citizenship
It is expected that whoever obtains a digital Dominica passport will eventually also obtain real citizenship, which provides visa-free access to more than 130 countries and territories, including the United Kingdom, Hong Kong, Switzerland and EU member states. It is not yet known when or on what terms this might happen. It may involve the ability to purchase citizenship using Dominica's cryptocurrency - Dominica Coin.
Opportunities already available to digital citizens:
- opening bank accounts in accordance with the laws of the country;
- applying for a loan;
- registering as a provider of digital services;
- identification on other platforms that support KYC;
- trading on the crypto exchange without restrictions;
- receiving cryptocurrency airdrops.
The list of privileges is likely to expand gradually as the project develops.
Does It Make Sense to Get Digital Citizenship?
Despite the fact that the project raises quite a few questions and much remains unclear, it is possible to register on the crypto exchange and obtain the status of a virtual citizen of Dominica. It is not complicated, does not take much time, and places no obligations on the applicant. It is possible that some benefit could be drawn from this in the future. There may even be a benefit in the near term, especially amid the hype already building around this unusual and extremely interesting project. And you can view investment property options in Dominica via the link.
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