Good morning, global opportunists! 

Welcome to the 33rd article from The Sovereign Atlas! Every Friday we publish quick updates that benefit your global sovereignty lifestyle. 

Here’s what we’ve got this week:

• Philippines’ New Fast-Tracked Permanent Residency Program 🇵🇭

• US Birth Tourism Coming to An End? 🇺🇸

• Russia Passes Crypto Acceptance Law 🇷🇺

• The Case For An Unregulated DeFi 🌐

Let’s go!

UPDATE

Philippines Has a New Permanent Residency Program

The Philippines has introduced the FAB-Investor Visa (FIV), a new fast-track permanent residency program. Key features include a minimal investment requirement of $75,000 and a processing time of around one week. The program allows for family inclusion without extra investment, offering the ability to live, work, and study anywhere in the Philippines. Notably, it supports dual citizenship and is available to all nationalities, positioning the country as a welcoming destination for global citizens.

Global Access and Simple Process

• Open to all nationalities

• Six-step application process

• No minimum stay or net worth requirements

Ideal for Diverse Needs

• Suited for investors, retirees, digital nomads, and more

• English-speaking environment with low living costs

UPDATE

End of US Birth Tourism?

In his latest campaign push, former President Donald Trump has reignited a controversial proposal to end birthright citizenship in the U.S. Trump suggests that the change could be implemented through an executive order, but legal experts caution that it would likely require a constitutional amendment, given the protections under the 14th Amendment. If this gets pushed through, critics on social media warn that Central & South America would most likely follow suit.

Legal Obstacles Ahead

• Changing birthright citizenship may need a constitutional amendment.

• Proposal faces certain litigation if pursued.

UPDATE

Russia Passes New Crypto Law

Russia has officially legalized cryptocurrency mining, marking a significant shift in its digital asset policy. The new law also introduces an "experimental legal regime" allowing specific regions to conduct transactions using cryptocurrency, a practice previously restricted. This framework aims to integrate digital assets into the Russian economy while maintaining regulatory oversight. While crypto can’t be banned to begin with, it is refreshing to see government take a positive stance on cryptocurrencies.

Key Points:

• Crypto mining legalized

• "Experimental regime" for crypto transactions

• Potential to boost Russia's crypto market presence

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UPDATE

Why DeFi Should Remain DeFi

The regulatory tug-of-war between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) is crucial for the future of cryptocurrency. The CFTC, typically less stringent, might promote innovation, while the SEC's rigorous standards aim to protect investors. The industry's growth hinges on which agency takes the lead, affecting compliance costs, market structure, and investor confidence. This debate will shape how cryptocurrencies integrate into the broader financial system.

Key Considerations:

• Innovation vs. Investor Protection

• Compliance and Market Impact

MARKET REVIEW OF THE WEEK

Fukuoka, Japan 🇯🇵

Fukuoka is emerging as a hot spot in Japan's real estate market, driven by urbanization and a younger demographic profile compared to other Japanese cities. The city's appeal lies in its vibrant economy and quality of life, making it a prime destination for investors and renters alike.

Rental Yields and Niches

• Rental Yields: Fukuoka offers attractive rental yields, especially in the central business districts like Tenjin and Hakata, where demand for residential and commercial properties is high. Gross rental yields in Fukuoka are typically around 7-10%, similar to the national average of 5.33%​.

• Growing Niches: Key investment opportunities include luxury properties and eco-friendly homes. The demand for modern apartments and condominiums, especially those with amenities for remote working, is rising​.

Investment Opportunities

• Urbanization: Fukuoka's continuous urban development, coupled with government incentives, makes it a favorable environment for real estate investments. High-demand areas like Hakata and Tenjin see robust growth due to their economic activities and amenities​.

• Short-term Rentals: With Fukuoka's growing reputation as a business and tourist hub, short-term rental properties are gaining traction. This is particularly attractive for investors looking to capitalize on the influx of visitors and business travelers.

BOOK OF THE WEEK

Free Houses in Japan

Free Houses in Japan by Anton Wormann explores the phenomenon of vacant homes, or "akiya," in Japan, where rural and suburban areas face significant depopulation. The author delves into the cultural, economic, and demographic factors contributing to the abandonment of these properties, including aging populations, urban migration, and declining birth rates. Wormann highlights the government's and local communities' efforts to revitalize these areas by offering these houses at little to no cost, aiming to attract new residents and breathe life into these declining regions.

The book also discusses the challenges and opportunities associated with acquiring and living in an akiya. Wormann provides practical advice for potential buyers, including navigating the purchase process, understanding legal and structural issues, and integrating into local communities. Through case studies and personal stories, the book illustrates the diverse experiences of individuals and families who have embraced the unique lifestyle offered by these "free" houses in Japan, shedding light on the broader implications for rural revitalization and sustainable living.

THAT’S ALL FOR THIS WEEK

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