Caribbean nation St. Kitts and Nevis may adopt Bitcoin Cash as legal tender b...
The country’s prime minister says it is considering introducing Bitcoin Cash on a legal basis, despite being within the territory of the pioneering CBDC DCash. The Caribbean nation of St. Kitts and Nevis may declare Bitcoin Cash (BCH) legal tender by March 2023. Prime Minister Terrance Drew made that announcement while he spoke at the Bitcoin Cash 2022 conference in St. Kitts on Nov. 12.St. Kitts and Nevis is a member of the Eastern Caribbean Central Bank and part of the ECCB’s DCash central bank digital currency (CBDC) program, which was launched in March 2019. “Our nation has always been....
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St. Kitts and Nevis will explore the possibility of making bitcoin cash legal tender by March 2023. The statement was made by St. Kitts and Nevis Prime Minister Terrance Drew as part of the Bitcoin Cash 2022 Conference held in the country, declaring that Bitcoin Cash mining activities will also be explored in the same way. Bitcoin Cash Could Become Legal Tender in St. Kitts and Nevis Next Year The Government of St. Kitts and Nevis will be exploring the possibility of declaring bitcoin cash legal tender as part of the process of introducing cryptocurrencies into the economy of the country.....
An interesting post today by the St. Kitts-Nevis Citizenship by Investment Program with regard to some news that made its rounds on the web a couple of months ago. Just so you're up to date, that news I'm referring to suggested that bitcoin enthusiasts and users could purchase Citizenship to St. Kitts and Nevis using only bitcoin - provided you had enough. You could go several routes, which involve making significant investments. Benefits that come with citizenship to the island-nations include the following: Visa-free travel to 140 countries including Canada, the European Union, and Hong....
A project to accept Bitcoins in exchange for citizenship to the tropical island nation St. Kitts & Nevis has been derailed by the local government, which is refusing to recognize the cryptocurrency as a valid form of investment and threatening to revoke the licenses of any agents who do. “The Citizenship by Investment Unit would like to assure the general public that we do not recognize Bitcoins as legal investment currency for financial transactions within our Citizenship by Investment Programme,” officials said in a statement titled ‘Warning!’ on the program’s website. “We further....
The ECCB has launched a regional central bank digital currency in partnership with Caribbean fintech outfit Bitt. The Eastern Caribbean Central Bank, the main financial institution of the Eastern Caribbean Currency Union, has launched DCash.The ECCB announced the launch of its CBDC for the region via a media event held on Wednesday.DCash is the digital version of the Eastern Caribbean dollar — the official currency of the eight countries in the union.However, as announced during the launch, DCash is only available in four of the currency union’s member states: Grenada, St. Kitts and Nevis,....
The African nation will reportedly join a short list of countries to adopt cryptocurrency as legal tender. The roughly five million residents of the Central African Republic, or CAR, will now reportedly be able to use Bitcoin in addition to the country's franc as legal tender. According to a Wednesday report from news outlet Agence France-Presse, Central African Republic President Faustin-Archange Touadéra has signed a bill into law establishing a regulatory framework for the use of cryptocurrency in the country as well as adopting Bitcoin (BTC) as legal tender. Obed Namsio, the....