In what might be a new sign of crypto adoption, some countries might start considering crypto assets as proof of financial stability at the time to issue entry visas.
— told Peninsula Visa that it would only be willing to accept fiat bank statements at this time for proof of funds. However, other immigration departments hinted that there was nothing explicitly prohibiting travelers from using crypto to meet this requirement.
"There is no ban on using cryptocurrency as evidence of funds but applicants would need to provide evidence of the amount and ownership,” said Immigration New Zealand manager Marc Piercey. “Visa applicants are likely to find it easier to show more traditional forms of funds such as bank statements or credit card balances.”
Laura Bernard, press officer for the European Commission, reiterated that bank statements or proof of income was needed “in almost all cases,” but added that there wasn’t a universal policy for all EU member nations: “As each visa application is assessed on a case-by-case basis, there is no one-size-fits-all rule regarding the proof of sufficient financial means. As a result, there could be individual situations where a consulate might also accept other proof of assets, such as crypto-assets, whenever this is justified by the particular circumstances of the applicant and the intended journey.
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