---
title: "Republic of Palau Partners With Cryptic Labs to Launch Digital Residency Programme"  
description: "the news is telling about the new partnership has been made by the Republic of Palau and Cryptic Labs to launch Digital Residency Programme"  
author: "Sanjay Goenka"  
published: 2022-01-12  
canonical: https://www.mindstick.com/news/1218/republic-of-palau-partners-with-cryptic-labs-to-launch-digital-residency-programme  
category: "cryptocurrency"  
tags: ["technology", "internet", "technology news", "cryptocurrency", "digital coupons"]  
reading_time: 2 minutes  

---

# Republic of Palau Partners With Cryptic Labs to Launch Digital Residency Programme

> **The Republic of Palau has recently partnered with the Cryptic Labs and plans to launch Digital Residency Programme and also will provide its Residents with the NFTs IDs.**

Palau’s RNS programme is planning to give the [Blockchain](https://www.mindstick.com/articles/13044/blockchain-games-and-their-potential-influence-on-gaming)-Based legal IDs and a digital residency that will open access to avail the [global business](https://answers.mindstick.com/qa/34759/which-city-hosted-the-4th-edition-of-economic-times-global-business-summit-et-gbs-2018) opportunities.

### Highlighted Points

- Palau's President has opened and given the RNS Programme for all global users.
- The innovative initiation taken by the Palau Government is aimed to give people control over information sharing.
- The initiation will allow people to grow their global businesses opportunities.

#### Read More: [Cryptocurrency Crime Hits All-Time High in 2021, 79% Growth: Says Chainalysis](https://www.mindstick.com/news/1199/cryptocurrency-crime-hits-all-time-high-in-2021-79-growth-says-chainalysis)

Palau President, Surangel Whipps Jr. has [signed an agreement](https://answers.mindstick.com/qa/95885/india-signed-an-agreement-with-the-un-world-food-program-for-the-distribution-of-wheat-to-which-country) to grant “all global users” a digital residency through the RNS.

Also, the report of Coin Telegraph has mentioned the report as quoted by himself the president of Palau as “Our Digital Residency program will have the capacity for internationally recognized standards of identity [verification](https://www.mindstick.com/forum/34736/what-is-difference-between-validation-and-verification) to ensure that Palau upholds the [rule of law](https://answers.mindstick.com/qa/39394/the-concept-of-rule-of-law-is-a-special-feature-of-constitutional-system-of-which-country) and our reputational integrity. We welcome all global citizens to apply to participate in Palau’s dig8ital residency programme.”

the applicants of digital residency can create an account and they can pay via their [credit card](https://www.mindstick.com/articles/23592/how-can-you-earn-maximum-reward-points-on-credit-cards) or using cryptocurrency.

Before this [Innovative idea](https://answers.mindstick.com/qa/50184/what-innovative-idea-did-levi-strauss-a-dry-goods-store-owner-have-thanks-to-a-need-he-saw), the Republicans of Palau has taken many steps that show the favoring behavior towards the cryptocurrency.

It also has released a statement in which it was mentioned about the step that would have been taken by the Palau government in the path [of adopting the national [digital currency](https://www.mindstick.com/news/1151/binance-turkey-unit-slapped-with-try-8-million-for-violations-of-digital-currency-laws).

#### Read More: [Cryptocurrency Ban 'Difficult To Implement' says Ashima Goyal Of India's Monetary Policy Committee](https://www.mindstick.com/news/1195/cryptocurrency-ban-difficult-to-implement-says-ashima-goyal-of-india-s-monetary-policy-committee)

---

Original Source: https://www.mindstick.com/news/1218/republic-of-palau-partners-with-cryptic-labs-to-launch-digital-residency-programme

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