By accelerating sovereign individual papers, Citizen X is opening new doors to passport diversity with the recent acquisition of B Passport.
Citizen X, a Swiss-based investment company, is linked to a merger with the CBI CBI of Plan B Passport, Katie “The Russian” Ananina this week.
“They’re crazy about being in privacy and security,” Katie said of the company, explaining how the merger supercharges both companies and can accelerate the “sovereign individual movement.”
The sovereign individual, a book originally published in 1997, has quickly become a staple in Bitcoin culture, spreading throughout the industry the term “sovereignty” in brands and memes.
The book proposes a future, thanks to the economic power unlocked by the Internet and accelerates technological advancements, such as digital cash, so political power began to disperse from nation-states and heritage institutions to individuals.
According to the book, the growth of technology trends that are beneficial to individuals will increasingly convince the government to compete for high-value talents, rebuilding the relationship between citizens and government into a consumer-to-service provider relationship. As entrepreneurs and wealth creators become increasingly agile, international and difficult to tax, the market for state services and citizenship will become norm.
The Monarch personally and the many predictions in the book about how the digital age will play have inspired many entrepreneurs and technicians, including Citizenx CEO Katie and Alex Recouso. As the book’s publication believers have been positioning in sovereign individual papers to capitalize on this paradigm shift, some are even working to speed it up.
The need to modernize government processes aimed at creating more efficient state services seems to be a growing trend, with Elon Musk’s Department of Government Efficiency (DOGE) initiative blessed by Trump for a recent example. It can be said that in many cases, many of us were born with more and more technological advances.
It was Katie’s personal frustration with immigration bureaucracy around the world that led her to start B Plan B Passport. As a young star athlete and professional Russian sailor, she was deprived of her visa and even cheated by an immigration lawyer, forging her experience in immigration law in the United States and Europe.
“I was denied a European visa twice, once a US visa, and I was a Russian national team at the time. I was going to Europe to compete in the world championship. How do you deny my visa? I was 15 years old, with my coach and team, it was like what logic?” Katie recalled.
Katie was fooled by an American immigration lawyer, an incident that challenged her to learn the system and lay the foundation for the company.
“That’s how it all started. I arrived in the U.S. and paid $12,000 to an immigration lawyer, just by being ghosted. Literally. Basically, she just stopped responding to my emails and phone calls and I had to claim myself.”
Katie introduced the sovereign personal book shortly afterwards.
Katie explained: “I obviously reread the book too many ways, especially the chapter on the end of the nation-state.” Sovereign individual paper. “The way they talk about it is, basically, competition between the nation-state talent, the labor force and the capital. They will naturally compete by providing better services at better prices, just like the actual capitalist environment.”
“It’s accelerating now,” she added. “Invest-based immigration, that’s the way the government is now moving forward. Here you can decide on the capital that benefits from the fruits of capital and labor based on your own capital. You choose them based on taxes, lifestyle, social environment, freedom of speech and all these good things.”
However, Bitcoin merchants did not easily gain wealth in exchange for citizenship. Bureaucrats working in embassy often know that legal companies serving this market need serious due diligence, often requiring proof of funds and expect bank statements. However, for the longest time, Bitcoin companies were unable to obtain bank accounts, and Bitcoin merchants had closed their accounts when they were suspected of trading Bitcoin or cryptocurrencies.
Throughout Bitcoin’s history, banks and governments have not only ignored digital assets and their entrepreneurs (with a few exceptions), but actually avoided relationships with the industry, partly because policy plans come from policy programs like Choce Point.
Indeed, Bitcoin merchants have insufficient accounts, for example, shackles are the largest stablecoin in the digital currency market, in order to enable the industry to provide hedging and trade results, as access to the banking system is rarely a good choice.
This gap in the lack of recognition of the legacy system is in the market gap that Katie identified: “I know Bitcoin has a better pain point than anyone in the industry. I know Bitcoin itself is better than anyone in the investment (CBI) industry, and I can offer other solutions to others,” she told Bitcoin, she told Bitcoin magazine.
She explained: “All those countries that provide citizenship through investment have very thorough due diligence. So they want to see the source of funds. The other CBI players of Bitcoin are in other CBI players in suits in his law firm and then say, “Hey, I mined bitcoins in Mtgox, I bought bitcoins on Mtgox.”
“Will they be like, mountain?” she smiled. “They will not know how to prove the source of the funding. Obviously, they just want to see the statements from financial institutions.”
But Bitcoin often doesn’t have such financial statements, and getting them may require selling a large amount of Bitcoin, triggering tax events in many countries that can greatly increase the costs involved, thus preventing Bitcoin’s CBI program.
What’s worse is that Bitcoin institutions face different privacy risks than legacy financing. After all, Bitcoin is not reversible. Bitcoin theft and ransomware often lead to a year-long investigation that rarely produces results or recovers funds. So it is best to keep the security of Bitcoin’s value best at the moment, which is not an obvious simple goal in the first place, which means retaining your privacy and minimizing the number or how many people you know you have Bitcoin.
This is very different from the Fiat system, which has some bankers or lawyers who know your bank account balance because it is not great to fax each other in plain text, but it is not a critical threat either. Transactions can often be reversed, and in the worst case, refunds can be printed out thinly through its fraud risk department to compensate for user losses.
Thanks to Bitcoin’s transparency, your Bitcoin wealth can be revealed to relative strangers that this can trigger jealousy and, in the worst case, even lead to cybersecurity threats or physical attacks in an attempt to steal and ransom money.
To address these risks and the knowledge gap between Bitcoin merchandising, CBI industry and related government agencies, Program B Passports establish relationships with the Citizens Department: Government officials in the CIB Program Jurisdiction. Plan B also launched an innovative program that unlocks safer pathways to meet Bitcoin’s funding standards proof.
Such users only need to sign a message with the corresponding private key of the Bitcoin public address, proving that they own coins on that address in a non-chain, password-proveable manner. checkmsg.org is an example of such technology. Cryptoproof will then be reviewed and co-signed by a competent authority partner, a U.S. or Swiss company, and financial statements will be issued to indicate that civic positions in a particular jurisdiction can be used.
She recalled her initial reaction to the program, “Initially, they were a little worried about the whole thing.” “If we were talking about it four to five years ago, they would say, ‘Okay, sell it to Fiat and show it to us.’ OK, anyway, now Sovereign individual Papers – They realize: “There are a lot of Bitcoins that want a passport and we’d better serve them because that’s our money, that’s our bread.”
The benefits of having complex technological approaches in the industry, which is otherwise very traditional in terms of tools, distinguishing citizens and planned passports from competitors. Mergers can improve the quality of CBI options available to Bitcoiners and allow Katie to open up new markets and launch policy education programs in countries that may not know how to serve that market.
“To be honest, this is one of the motivations behind this acquisition. The entire sovereign individual movement, I feel like I really have to say no, I have to know that the opportunity I know might lead to this movement accelerate because I am the only founder, just because I am a sole processing unit, and I feel like I’m not enough to give me enough time to build my talent and my other achievements. Want to see,” Katie explained.
“So, I had to pass on these opportunities. With this acquisition, I think we’re going into the state where we can really launch these new immigration programs in different jurisdictions and lobby for them so that these small countries can get into the game and realize the market prices they have to offer and how they can start an investment or lasting program here, and my investment program, and my investment program, and how I benefit, and I hope they can go through investment or ongoing programs, and my work.”
