Although the ongoing coronavirus pandemic has not completely receded, more and more countries are starting to open their borders to tourists once again. Furthermore, with large-scale vaccinations taking place around the world, it seems likely that by the time summer begins again, more people will be able to travel to some of the holiday spots again.
In fact, according to the President of the European Commission, Ursula von der Leyen, American tourists will be able to visit their favorite European Union countries in the summer of 2021, if they can meet the requirements. EU vaccination requirements.
In this regard, it should be pointed out that according to a tracking tool provided by the US Centers for Disease Control and Prevention, more than 35% of all US citizens are fully immunized, while 46% are received at least one injection.
Ultimately, these vaccination numbers appear to be growing at a rapid rate, thus hinting at the possibility that by early June, the majority of the US population – including many crypto enthusiasts – will have can travel abroad.
Time to pack your bags
While the past year and a half has been a pretty rough ride for most people around the planet, there’s no denying that the crypto industry has been experiencing some frenetic bull market action lately. , especially over the past six to twelve months.
In a word, since the beginning of 2021 alone, the total market capitalization of the digital asset sector has grown from around $780 billion to $2.4 trillion, showing more insane growth 200%. As a result, many crypto investors have seen their portfolios grow many times over, giving them access to spare capital that they can use to take a well-deserved vacation.
So, here is a rundown of some of the top destinations that crypto HODLs can visit to relax. The list takes into account factors such as ease of visa application, internet access and low rates of COVID-19 infection.
Bahamas
The picturesque Bahamas have been a vacation destination for many Americans and Canadians for decades now, largely due to its proximity to the Americas. In fact, about 92% of all tourists visiting the West Indies country are from North or South America.
As things stand, the Bahamas has a relatively low number of active COVID-19 cases. Furthermore, because the country already boasts an infrastructure framework tailored for Westerners – i.e., high-speed internet and high-end local living – the Bahamas becomes the perfect getaway for many. tourists this summer.
For entry, US passport holders can waive the screening – a requirement that applies to other travelers – if they can provide legal proof of vaccination. That said, before flying, they are required to fill out a simple “Travel Medical Visa” application that can be processed online.
Finally, for crypto enthusiasts, it should be pointed out that the Bahamas was one of the first countries in the world to implement its own central bank digital currency, the Sand Dollar. In fact, it is the first CBDC in the world to pass the testing phase and achieve the official launch. Furthermore, regulators will be actively promoting increased adoption of CBDCs this summer, so crypto participants traveling there can witness a historic event unfolding. out right before their eyes.
Cyprus
Located in the Mediterranean Sea, Cyprus is another island nation that attracts millions of tourists every year. One of the main reasons why tourists flock to the country is its incredible weather, with both summer and winter months remaining mildly warm and dry compared to other parts of Europe. Europe.
Cyprus’ stance towards the crypto sector is quite friendly, although the government recently warned its citizens against investing in Bitcoin (BTC). It is possible to convert various cryptocurrencies into local fiat through a number of exchanges operating in the country, such as BitPanda and eToro, making it an ideal getaway for HODLers.
To enter, travelers simply need to share their vaccination documents with the Cypriot government through the “Flying Pass” tool. With that said, it should be pointed out that according to recent guidance from the Cypriot government, even vaccinated travelers may be required to take random tests during their stay.
Greek
The southeastern European country of Greece is one of the most popular tourist destinations in the world, drawing millions to its numerous islands across the Aegean and Ionian Seas.
This is largely because the country boasts some of the best beaches in Europe – like the black sand beaches of Santorini – as well as some of the most upmarket party resorts in the world, mostly located in and around Mykonos.
Furthermore, since it is possible to buy/sell/convert many cryptocurrencies in Greece using established platforms such as Coinbase and eToro, crypto holders have even more incentive. when visiting this country.
Regarding travel to the European country, Greece has begun to open its doors to American travelers who have been vaccinated against COVID-19 as per their recommendations. However, it should be noted that for seamless entry, a second shot should be taken at least two weeks prior to travel. Travelers from all other countries must present a negative COVID-19 test result upon arrival.
Georgia
Although many people in the West may not be familiar with Georgia, as the country lies closely between Europe and Asia, the country prides itself on picturesque landscapes and offers visitors a degree of high safety. In fact, Tbilisi, the capital of Georgia, has always been considered one of the safest cities in the world.
For crypto enthusiasts in particular, Georgia is a great travel destination, as it provides digital asset owners with seamless access to multiple crypto portals. Additionally, individuals in Georgia are exempt from income tax on any profits received from the sale of cryptocurrencies. Not only that, any cryptocurrency transactions are not subject to value added tax (VAT). This includes lari, the fiat currency of Georgia.
To enter, travelers must provide their COVID-19 vaccination records. Furthermore, unvaccinated US residents are also allowed to enter, as long as they only travel through certain countries and carry a negative test result.
Grenada
The small country of Grenada is located in the Caribbean and is the southernmost island in the Antilles archipelago. It offers beautiful unspoiled landscapes and provides travelers with access to all the amenities they might be looking for in their ideal vacation destination.
The local crypto market is currently unregulated and crypto enthusiasts can use many prominent exchanges like Binance, CEX.IO, and Coinmama to seamlessly switch between other cryptocurrencies. and the East Caribbean dollar – the national currency of Grenada – to shop and pay with ease.
Currently, the Grenadian government is allowing all vaccinated Americans to enter its borders. However, upon arrival, all participants – even those who have been vaccinated – must quarantine for 48 hours while officials conduct COVID-19 testing.
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