Having multiple passports seriously helps and at least gives myself options to explore and I don't see the rush as I have one foot print into crypto back in 2018 and it was well below the flagging amount. $1K is not going to attract attention and being on Hive is a hidey hole of sorts. I have looked at both Malta and Portugal already and waiting for Portugal to change their current position before I decide.
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Yes it helps it makes everything easier but if the amount is big you can probably go anywhere. Malta is a really good place to do business
I have already researched Malta and a close friend registered his business there recently. If we have big bucks coming from crypto buying a property is not out of the question if it allows you to keep your bags away from taxation.