The Journal · Vanuatu CBI Essays for Bitcoiners · cbi.vu
cbi.vu The Journal
Editorial · Long-form · Written by the advisor

The Journal.

Long-form dispatches on the Vanuatu file from the inside. Source-of-funds detail, jurisdictional math, post-Schengen mobility reality, the cypherpunk argument for second citizenship. Published when there is something to say. Silent when there is not.

FormatLong-form essays ScheduleWhen essential RegisterReportage, cited AuthorAdam Juchniewicz, CEO, 21 CBI
  1. Issue 14 ~9 min read
    Regulatory Credibility

    The VFSC and Four Decades of Offshore Finance.

    A Bitcoiner who has read a hundred exchange terms of service knows a real regulator from an invented one. The Vanuatu Financial Services Commission has licensed and supervised the country's offshore sector since 1993, a generation before the DSP existed. What it licenses, what it has weathered, and why that continuity is a credibility signal a citizenship program cannot claim for itself.

    Read
  2. Issue 13 ~9 min read
    Regulatory Credibility

    Inside the Vanuatu Passport (Amendment) Act 2025.

    Most buyers can name the program. Few have read the statutes underneath it. A Vanuatu file rests on four separate instruments passed across a decade, from the 1980 Citizenship Act through the 2019 fee order to the 2025 amendment that brought the physical passport into line with ICAO biometric standards.

    Read
  3. Issue 12 ~10 min read
    History & Governance

    Independent since 1980.

    Most buyers price a Vanuatu file before they look up what Vanuatu actually is: an eighty-three-island Melanesian nation, independent since 1980, with its own parliament, currency, and forty-six years of self-government. The nation's post-independence history and institutions, laid out plainly, and what this history does and does not buy a second passport holder.

    Read
  4. Issue 11 ~11 min read
    Renunciation · The Order of Operations

    Vanuatu before the exit.

    Renouncing into statelessness is legal, but the State Department treats it as a heavily-counseled, fraught path. Here is the order of operations for a US Bitcoiner who wants a Vanuatu passport in hand before any consulate appointment, including the one trade-off nobody should skip past.

    Read
  5. Issue 10 ~10 min read
    Banking & Structure · The Honest Version

    Banking a Vanuatu passport.

    A passport proves who you are to a government. It does not open a bank account. The honest picture: what the vatu actually is, which banks operate in Vanuatu and how they treat non-resident and Bitcoin-linked money, and what a Vanuatu IBC does and does not do for you.

    Read
  6. Issue 09 ~7 min read
    The Framework · Flag Theory 101

    Flag Theory 101: how a Bitcoiner spreads risk across jurisdictions.

    Spread citizenship, tax residence, business, and assets across more than one jurisdiction so no single government holds all of it. Why a self-custodied Bitcoiner already runs half the playbook, and where Vanuatu fits.

    Read
  7. Issue 08 ~8 min read
    The Math · Priced in Bitcoin

    Priced in Bitcoin: what a Vanuatu passport actually costs your stack.

    At publication in June 2026, the all-in Vanuatu file is about 2.3 Bitcoin. The fee ladder converted to sats, why the passport gets cheaper as your stack climbs, and the honest part about disposal that nobody else will tell you straight.

    Read
  8. 中文 ~9 min read
    攻略 · In Chinese

    瓦努阿图投资入籍攻略:公民身份、护照签发、费用与流程,一文看懂。

    瓦努阿图投资入籍是同类中较快的严肃投资入籍项目之一:单人政府捐款 $130,000,三十至六十天,零个人所得税。整笔档案,包括政府捐款,经合规审查后可用 BTC、Lightning 或 USDT 结算。费用、条件、流程,一文看懂。

    阅读
  9. Русский ~8 min read
    Разбор · In Russian

    Гражданство Вануату для россиян: дверь, которая осталась открытой.

    Вануату остаётся одним из немногих гражданств за инвестиции, открытых для россиян после закрытия Карибов. Государственный взнос $130,000, тридцать-шестьдесят дней; всё досье можно оплатить в BTC, Lightning или USDT после комплаенс-одобрения.

    Читать
  10. Issue 07 ~9 min read
    The Canon · Read for Bitcoiners

    The Sovereign Individual thesis, explained for Bitcoiners.

    Someone has already handed you the 1997 book. It described your world eleven years before Satoshi, and predicted the cybercash Bitcoin became. Most readers solved the money half and left the jurisdiction half in one government’s hands.

    Read
  11. Issue 06 ~8 min read
    The Thesis · Single Point of Failure

    Why every Bitcoiner needs a second passport in 2026.

    You already refused to keep your wealth in one bank under one authority. Your citizenship is the same architecture, unsolved. In the year crypto reporting goes global, the cypherpunk case for second citizenship, argued from the math.

    Read
  12. Issue 05 ~8 min read
    After Issuance · The First Ninety Days

    After the passport.

    The oath is taken and most people assume the project is finished. It is not. What citizenship actually opens once it is in hand: banking, the international company, residency, and the one thing it deliberately will not do to your tax bill.

    Read
  13. Issue 04 ~8 min read
    Mobility · The Honest Version

    The Schengen question, answered.

    Vanuatu lost visa-free access to Europe. So is the passport worth anything now? What actually changed, why the 87-destination figure already reflects it, what Europe requires today, and who should look elsewhere.

    Read
  14. Issue 03 ~7 min read
    Worked Example · Source of Funds

    Source of funds: a worked reconstruction.

    A stage-by-stage reconstruction for a representative wallet history: a 2014 purchase, a 2017 exchange consolidation, 2018 mining payouts, a 2021 Lightning channel. What the file looks like, and what the FIU asks at each handoff.

    Read
  15. Issue 02 ~7 min read
    Decision Framework · The Cost Floor

    What if your budget is under $130,000?

    Vanuatu is a $130,000 government contribution, $145,000 all-in for a single applicant. Fund it if you can; if your file sits under that floor, 21 CBI bespoke advisory is the honest next step. Here is why the floor earns its price for a Bitcoiner.

    Read
  16. Issue 01 ~4 min read
    Inaugural · Editorial

    Why we publish a journal.

    Most advisory firms ship marketing. We are shipping a notebook. Here is what The Journal is, what it is not, and why an advisory firm has any business writing in the first place.

    Read

More entries forthcoming. Source-of-funds case studies, post-Schengen mobility reality, the cypherpunk citizenship argument, jurisdictional math for cross-border Bitcoiners. Follow @xbitcitizen, linked at the foot of every page, to be notified.