Montenegro offers citizenship to Vitalik Buterin to become one of the leading blockchain countries

Vitalik Buterin became a citizen of Montenegro

Vitalik Buterin, illustrious co-founder of Ethereum (ETH) has become citizen of Montenegro, a Balkan country. According to official announcements relayed by Radio Televizija Crne Gore (RTCG), the nation’s public radio, Prime Minister Zdravko Krivokapić and Finance Minister Milojko Spajić are behind the initiative. The authorities of Montenegro specify:

“Interior Minister Sergej Sekulović, recognizing the importance of this initiative, took the decision to admit Vitalik Buterin to Montenegrin citizenship on the proposal of the Prime Minister, and today he received a Montenegrin passport”.

Ethereum co-founder received Montenegrin citizenship duringa visit organized by the Minister of Finance from the country. Several players in the cryptocurrency sector indeed visited Montenegrin soil at the request of the government at the beginning of April 2022.

👉 On the same theme – Who is Vitalik Buterin, the creator of Ethereum?

Montenegro Commits to Becoming a Blockchain Leader

As part of this visit, a series of conferences and meetings between the leaders of Montenegro and blockchain experts were organized. During a panel, Vitalik Buterin notably advised the government to put in place a legislative framework around crypto-assets.

Moreover, Montenegro states that it endeavors “to establish a legislative framework that will allow the best use of this technology and contribute to the growth of the gross domestic product”.

According to Milojko Spajić’s comments relayed by the Mina press agency, the country’s future regulatory framework will facilitate investments while protecting investors from criminals. He specifies :

“We want to create a law, better than the best law that currently exists in the world. […] We will enable anyone with innovative ideas and the will to bring them to fruition, to use new and alternative sources of funding.”.

The co-founder of Ethereum also encouraged the Montenegrin power to educate the youngest about blockchain.

Vitalik Buterin’s access to citizenship is part of a broad campaign to make Montenegro one of the blockchain leaders. The country’s new government, which came to power in February 2022, has indeed pledged to promote blockchain on its territory for attract billions of euros in investment and create thousands of well-paying jobs for our young people”.

The administration of Montenegro considers it essential to collaborate with experts from the world of cryptocurrencies in order to “contribute to the development of the Montenegrin economy, attract investment and create well-paid jobs in this industry”.

Mirroring many countries, including Ukraine and El Salvador, Montenegro wants to take advantage of the enthusiasm for digital assets to boost its economyhighly dependent on the tourism and construction sectors.

👉 Read also: President Zelensky signs crypto-friendly law for Ukraine

Sources: RTCG, Twitter, Mina

Newsletter 🍞

Get a crypto news recap every Sunday 👌 And that’s it.

What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.

Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky in nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.

About the Author : Florian Bayard

We would like to thank the author of this short article for this awesome material

Montenegro offers citizenship to Vitalik Buterin to become one of the leading blockchain countries

Visit our social media accounts and also other pages related to them