E-residents DOA due to citizenship and banking regulations.
This article amounts to a science fiction story detached from reality.
The USA prohibits dual citizenship except in some cases of dual citizenship at birth. The USA explicitly forbids becoming a citizen of another country after age 18. Other countries such as Japan have similar restrictions on holding dual citizenship.
Any citizen of the US or Japan would likely forfeit their citizenship if they became an e-resident.
I seriously doubt any US or Japanese will pay that price to become an e-resident.
The USA requires that any company who carries a monetary balance for a US citizen will be considered a bank and subject to US banking regulations.
PayPal ran afoul of the US banking regulations because they carried balances for US citizens without being a bank.
Shortly after PayPal started the US banking regulators turned up on PayPal’s doorstep to do a bank audit. PayPal quickly scrambled, and got a US Bank to act as the bank for PayPal’s customers. The US bank regulators could then audit that bank, and there fore PayPal accounts without a PayPal needing to become incorporated as a bank.
As far as US Citizens are concerned, the est-coins and e-residency are Dead on Arrival (DOA).