Good morning, global opportunists! 

Welcome to the 22nd 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:

• Asia’s Possible “Schengen Visa” 🇻🇳🇹🇭🇲🇾

• Dual Citizenship Woes in Lithuania 🇱🇹

• Grenada’s Possible Real Estate Price Increase 🇬🇩

• SEC Decision Overturned 🇺🇸

Let’s go!

UPDATE

Schengen-like Visa for Southeast Asia

Thailand is pushing for a Schengen-like visa that would allow tourists to travel seamlessly across Southeast Asian nations. This proposal aims to attract affluent travelers by simplifying the visa process, thereby boosting regional tourism.

A United Front for Tourism

Thailand’s tourism authority is collaborating with neighboring countries to create a single-visa system that covers multiple destinations in Southeast Asia.

Attracting Wealthy Tourists

The unified visa is targeted at high-income tourists, encouraging longer stays and more extensive travel within the region.

Economic Boost

By easing travel restrictions, the region expects a significant increase in tourist arrivals, benefiting local economies and promoting cultural exchange.

UPDATE

Lithuania's Dual Citizenship Referendum Falls Short

Lithuania’s second attempt to amend its constitution to allow dual citizenship has failed. Despite significant public interest, the referendum did not garner the necessary support to pass.

A Missed Opportunity

The proposed amendment aimed to enable dual citizenship for more Lithuanians living abroad, promoting stronger ties with the diaspora.

High Hurdles

The referendum required a high turnout and a majority vote in favor, which it failed to achieve, marking another setback in efforts to modernize the country’s citizenship laws.

Future Implications

This result underscores the challenges in altering constitutional laws in Lithuania, potentially affecting future legislative initiatives.

UPDATE

Grenada's CBI: Potential Price Hike

Grenada's Citizenship by Investment (CBI) program might see a price increase soon. With record revenues surpassing EC$ 1 billion in 2023, developers like Richard Hallam from Ora Caribbean are preparing for changes that could impact both the donation and real estate options.

Anticipating Changes

The anticipated price hike aims to harmonize investment thresholds across Caribbean nations, with the donation route set to increase to $200,000.

Impact on Real Estate

Hallam hints at a possible rise in the real estate investment requirement, currently at $220,000, to maintain competitiveness and accommodate the program's growth.

Investor Rush

Prospective applicants are hurrying to apply before the June 30 deadline, driving up demand in an already bustling market.

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UPDATE

SEC “Guidelines” Overturned

The U.S. Senate voted to overturn the SEC’s controversial crypto accounting guidelines, intensifying a standoff with the Biden administration, which has threatened a veto.

Policy Rejection

The SEC’s policy aimed at stricter accounting practices for crypto companies was met with resistance, leading to the Senate’s decision to revoke it.

Political Implications

This move tests President Biden’s authority, as he has indicated a strong possibility of vetoing the Senate’s rejection.

Industry Impact

The decision reflects growing tensions between regulatory bodies and the crypto industry, potentially influencing future legislative actions and market stability.

MARKET REVIEW OF THE WEEK

Japan Data Center Investments

Japan's data center market is projected to hit $14.48 billion by 2029, expanding at a 6.88% CAGR. This growth is fueled by increasing cloud service adoption and the rising demand for digital infrastructure. Major global cloud operators, including AWS, Google, and Microsoft, are bolstering their presence in Japan.

Key Drivers

Investments span IT, electrical, and mechanical infrastructure, with over 107 existing and 41 upcoming facilities. Tokyo and Osaka are prime locations, supported by government initiatives and strategic partnerships.

Industry Momentum

The surge in investments highlights Japan's strategic importance in the global data center landscape, reflecting robust market confidence and future growth potential.

What to Watch: Keep an eye on further expansions and technological advancements as Japan solidifies its position as a data center powerhouse.

BOOK OF THE WEEK

Pre-Suasion

Pre-Suasion: A Revolutionary Way to Influence and Persuade by Robert Cialdini explores the concept that the key to effective persuasion isn't solely in the message itself, but in the moments before the message is delivered. Cialdini introduces the idea of "pre-suasion," which involves strategically arranging the environment and circumstances to make an audience more receptive to a particular message. By priming the audience with subtle cues and setting the stage for the message, persuaders can significantly increase their effectiveness.

The book delves into various techniques and principles of pre-suasion, such as focusing attention, creating associations, and framing choices in a way that aligns with the desired outcome. Cialdini illustrates these concepts with a wealth of real-world examples and scientific research, demonstrating how marketers, leaders, and communicators can apply these strategies to achieve their goals. Overall, "Pre-Suasion" provides a compelling framework for understanding and utilizing the power of influence in everyday interactions.

THAT’S ALL FOR THIS WEEK

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