British Overseas Territories is the only overseas territory that is part of the European Union (EU), although it is not part of the European Customs Union, the European Tax Policy, the European Statistics Zone or the Common Agriculture Policy. Gibraltar is not a member of the European Union in its own right. The Sovereign Base Areas in Cyprus are not part of the European Union, but they are the only British overseas territory to use the euro as official currency. None of the other Overseas Territories are members of the EU, the main body of EU law does not apply and, although certain
British Antarctic Territory provisions of the Antarctic Treaty System, the Territory does not enforce its laws on foreign nations who maintain scientific bases within the Territory. It is self-financing, with income from the sale of postage stamps and income tax. The territory is fully a part of the British Overseas Territories for nationality purposes. It is possible to hold British Overseas Territories citizenship (BOTC) by virtue of a connection with the territory. Additionally, since the relevant provisions of the British Overseas Territories Act 2002 came into force on 21 May 2002, a BOTC connected with the territory would also hold British citizenship. Although