The president of “the Free Republic of Liberland” officially established by a bunch of Czech citizens a few weeks ago, confirms the country will accept bitcoins.
The Republic is formed on the basis of conceptual freedom principles purporting no government control or supervision. As stated on the official website of the 7 km2 (3 sq. mi.) country situated between Serbia and Croatia, “the objective of the founders of the new state is to build a country where honest people can prosper without being oppressed by governments making their lives unpleasant through the burden of unnecessary restrictions and taxes”.
The Free Republic of Liberland is not going to adopt any official currency in material form; the newly-emerged state plans, however, to accept all currencies, including bitcoin and other cryptocurrencies.
Liberland has been established as a constitutional republic with elements of direct democracy. As of now, the country can already boast their own flag and coat of arms. The republic will have no regular army, and its official languages will be Czech and English. Liberland citizens will be free from tax requirements, but the founders of the country are planning to build their own banking system, with the overview of the country’s bank account being already freely accessible to anyone.
According to Liberland’s 31-year old president Vít Jedlička, who is also a member of the Czech conservative Party of Free Citizens, the “Free Republic” was initially launched as an attraction for media attention, “but now it’s really turning out to be a real project with real support”. Jedlička is very optimistic about Liberland’s prosperity in the coming years.
Liberland’s constitution and legal acts are under development at the moment. Anyone who feels like it is free to register on the republic’s official webpage to be able to apply for the citizenship soon really. So far, 150,000 virtual pilgrims have expressed a wish to do so.