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British investor announced the creation of a smart city for crypto investors

British investor announced the creation of a smart city for crypto investors

The smart city is planned to be based on Satoshi Island, located in the Vanuatu archipelago between Australia and Fiji. The area is 3 million square kilometers and is almost unspoiled by humans. 

According to The Guardian, British real estate investor Anthony Welch plans to persuade 21,000 crypto investors to move to the island. Multistory residential buildings and offices will be built for them. The island is under the jurisdiction of the Vanuatu government, which doesn't impose any taxes on profits and digital assets, allowing crypto investors to maximize their profits. 

Still, as the magazine notes, Anthony Welch would first have to give up his old project of converting the island into a wildlife sanctuary in order to create the city. For several years, he has been actively promoting the idea that the island is home to unique coconut crabs. In 2017, there was even a video about the island's features as a nature reserve. The investor tried to sell the island for $12 million about that same time. But once the plans changed, the website covering the island's protection was removed by the investor. 

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