Re: Can Cryptocurrency be use as Proof of Finance for Visa Application?
The answer is a capital NO! Crypto assets has not been recognised as legal tender by almost all economies world over. It is not possible for any embassy to accept It as proof of financial asset. If you have such assets I believe your best bet will be to convert those crypto assets to fiat currency and present your bank statement to the embassy.
Well said!If you do try to explain to them about your crypto holdings and using it as a proof of financial assets then they might laugh at you on what you are saying about.
Cryptocurrencies is never been recognized on where it comes to a point that it can be treated as a valid asset.Same as suggested you can anytime convert those coins to fiat and this would be much a wiser decision to be made if you do really like to show some proofs.