- A press officer for the European Commission says that presenting crypto assets to the consulate may be accepted as long as it is justified.
- Some countries have hinted they are open to accepting crypto as proof of funds.
- Governments like the UK, however, still see “bitcoin savings” as unacceptable evidence for student visas.
Sooner or later, travelers who hold crypto assets would be able to present their tokens as proof of financial stability for travel visas.
Press Officer Laura Bernard of the European Commission explained how proof of funds such as bank statements are essential for international travel. She further added that presenting digital assets, such as Bitcoin, are not religiously unaccepted:
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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