Post
Topic
Board Altcoin Discussion
Re: Can Cryptocurrency be use as Proof of Finance for Visa Application?
by
globalcitizen
on 26/05/2018, 10:12:38 UTC
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.
Thanks for the submission, but I think stocks , real estates and cars are accepted by embassy to evaluate how someone is worth in order to grant visa, so why won't crypto assets that is even more liquid than stocks, real estates or cars.
Just as as he said, cryptos aren't really recognized as legal tender by most of the countries but stocks, real estates and car are. I think the main reason for these is cause it's tangible, is my term correct? and still, bank can get a hold of these unlike cryptos. Surely, asking the embassy through the phone would be the best answer.

Exactly. You can just follow his advice and put a call through to the embassy you are planning to visit to be sure of what is obtainable and be well guided. But until crypto assets are recognised as legal assets under the home and host countries' legal frameworks I don't see embassies recognizing them as well. Stocks, real estate and cars are regulated but not crypto assets yet.