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UK Firm Reports 72 Percent Increase in Second Citizenship Interest from North Africa


UK Firm Reports 72 Percent Increase in Second Citizenship Interest from North Africa
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LONDON, July 4, 2021 /PRNewswire/ A London-headquartered firm that specialises in providing assistance to clients seeking second citizenship has reported a spike in interest from North African applicants. Compared to last year, interest has grown approximately 72 percent in the first half of 2021 alone. The data was calculated from three countries in North Africa: Libya, Morocco and Algeria.
While Libya and Algeria saw steady increases this year, Morocco surpassed in interest. In 2021 so far, Moroccans accounted for well over half the North African inquiries regarding the attainment of second citizenship, especially in the Caribbean, a region known as the cradle of Citizenship by Investment (CBI) programmes. Paul Singh, the Director of CS Global Partners, said that Moroccan investors primarily look to St Kitts and Nevis ....

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China's Crypto Crackdown Could Amplify Concerns Over Financial Privacy


China s Crypto Crackdown Could Amplify Concerns Over Financial Privacy
LONDON, June. 24, 2021 /PRNewswire/ On Monday, the People s Bank of China (PBOC) ordered four state-owned banks and the country s leading mobile payment app Alipay to cut off all transactions linked to Bitcoin and other cryptocurrencies. The statement urged banks and payment firms to thoroughly check client accounts, identify those involved in cryptocurrency transactions and promptly cut their payment channels.
Beijing s hard line on crypto, paired with the rollout of the digital yuan, which allows the PBOC to keep near real-time transaction data of all individuals and entities using the digital currency, has long been a concern for many investors, entrepreneurs and businesspeople. The World Wealth Report noted China as the largest exporter of wealthy migrants, with around 16,000 Chinese millionaires leaving the country in 2019 alone. According to UK-based investment migration firm CS Global Partners, ....

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