We would like to thank Mark Welch for his contributions to the article “Why cryptocurrency is not widely used in the RCBI world, yet”
If you would like to discuss cryptocurrency and/or Australian investor visas please Contact Us
Uglobal Immigration magazine
Recently we shared some comments we made to Uglobal Immigration magazine about visa options for same sex partners.
We have again been asked to provide comments. This time with regards to cryptocurrency in investor visas. Our response was recently published in an article on the Uglobal Immigration website.
Mark Welch, who is the founder of Australian law firm Cargil Migration, said that based on his recent conversations with the Australian Department of Home Affairs (DHA) officials, he can confirm that digital currencies are excluded as a source of funds or assets, and therefore, could not be used for investment immigration.
“The DHA is unable to track digital currencies and, therefore, verify that the funds are lawful. Any funds which cannot be confirmed as lawful, can’t be considered in the Business Innovation and Investment visas,” Welch said.
If you would like to discuss cryptocurrency and what assets are eligible for Australian investor or business visas please Contact Us