Antigua & Barbuda to Accept Bitcoin for Government Services
Antigua & Barbuda might go “full bitcoin” and accept the digital currency for government services. The Cabinet of Antigua & Barbuda instructed the Attorney General, Steadroy “Cutie” Benjamin, to draft news laws for the possible implementation of Bitcoin throughout the various level of government on the twin island nation, which include numerous smaller islands. The move comes after the Cabinet met with an Antigua Leisure & Gaming Association on Wednesday, to discuss the benefits of using Bitcoin on Antigua. The Cabinet, apparently seeing an opportunity to put Antigua ahead of....
Related News
The government of Antigua and Barbuda is drafting laws “for the implementation of Bitcoin,” according to a local publication. The decision may have been influenced by online gambling mogul Calvin Ayre and even the self-proclaimed “Bitcoin creator” Craig Wright. Drafting Bitcoin Laws. EP Chet Greene, Antigua & Barbuda Minister of Trade and Consumer....
Cryptocurrencies have been getting quite popular in the Caribbean region and in Antigua and Barbuda, the island has seen significant growth. Crypto adoption has been on the rise in the island country and just recently, a regional news report detailed that more than 40 major businesses are accepting bitcoin cash for goods and services. During the last few years, a myriad of Caribbean-based island nations are getting into digital currencies. Many Caribbean regions such as Nevis & St Kitts, Bermuda, Barbados, the Cayman Islands, and Antigua and Barbuda have become hotspots for blockchain....
Rich crypto investors are purchasing passports in tax havens for less than $200,000. A Russian expatriate and former professional sailboat racer, Katie Ananina, Plan B Passport — a firm that brokers citizenship through investment schemes for tax-haven nations that don’t impose capital gains on crypto holdings to wealthy investors.According to a July 11 report from CNBC, Plan B brokers hundreds of passports for predominantly western clients each year. Customers select from one of seven jurisdictions: Saint Kitts and Nevis, Antigua and Barbuda, Dominica, Vanuatu, Grenada, Saint Lucia, and....
"The adoption of cryptocurrencies is far from being a gimmick,” said one of the entrepreneurs behind a project developing property on the island. The more than 5,000 residents of an island that forms a part of St. Vincent and the Grenadines can use crypto as a means of payment.According to a report from Euronews, both residents and visitors to the island of Bequia can use Bitcoin (BTC) to pay for goods and services ranging from property to food at one of the local eateries. The One Bequia project, backed by entrepreneur Storm Gonsalves, is building luxury villas on the island for sale in....
The Switzerland base of multinational services giant and one of the so-called “Big Four” accounting firms, Ernst & Young (EY), will become the first of its kind to accept bitcoin as payment for its services. Come January 2017, clients of EY Switzerland will be able to pay for the firm’s auditing and advisory services using bitcoin. The accounting giant claims to be the “first advisory firm to accept Bitcoins for its services,” in an announcement last week. The new payment method is a part of EY “digitizing itself”, the firm claimed, explaining its reason to accept the world’s most....