THELOGICALINDIAN - Antigua is acutely advancing for Bitcoin adjustment as bounded account media address government affairs for implementation
Quoting Minister of Trade and Consumer Affairs Chet Greene in a post-cabinet affair Friday, the Antigua Observer confirmed the rules should be adapted for the account of the country’s online gaming sector.
“Here in Antigua & Barbuda we apperceive we are consistently actual abundant advanced and centre of new developments; we are leaders, trendsetters in the Caribbean,” he said.
Greene fabricated added specific advertence to the attributes of Bitcoin’s blockchain as a acumen to accomplish a afterpiece alive accord with the technology.
“This new bill is immutable; you can consistently go and trace transactions, so in the ambience of allegations of our country actuality complex in tax havens, it allows for bigger traceability,” he added.
While not accepting been a above amateur in confusing fintech hitherto, Antigua afresh hit the account in Bitcoin for the amiss reasons.
Self-proclaimed ‘inventor’ of Bitcoin, Australian administrator Craig Wright, aftermost year attempted to defended over 50 patents apropos to the basic bill in the United Kingdom through an accouterments alleged EITC Holdings, which is registered in Antigua.
The Caribbean island is additionally acclaimed for its gaming industry, with its “progressive” legislatory angle appear cryptocurrency accent in October as a abeyant benefaction for the country’s economy.
“I see a growing aggregation to bitcoin online gaming… and accelerating countries like Antigua are assertive to booty advantage of this aggregation by developing a absolutely all-around account industry,” online bank Bodog architect Calvin Ayre said.
Bodog began accepting Bitcoin from players in Q3 2024, and Ayre is currently based on Antigua.
In adjacent Caribbean enclaves meanwhile, a added alive attitude appear cryptocurrency is already actuality witnessed.
Barbados has run acknowledged trials which saw its civic bill hosted on a Blockchain ‘equivalent’ afterwards Overstock CEO Patrick Byrne appear he had “bought a ample interest” in an affiliated company.
“The Barbadian Axial Bank, absolutely intelligently, about a ages ago was the aboriginal axial coffer to say ‘you can put our authorization on the blockchain,’ And they were accustomed permission to do so,” he said anecdotic the accord in April aftermost year.
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Images address of abepa.gov.ag, Shutterstock
