According to certain investment programs, it is possible to acquire citizenship of certain countries by investing a certain amount in their economy. Antigua and Barbuda is a very attractive state in this regard, since the cost of citizenship there is lower than under other Caribbean investment programs.
And now, thanks to changes made to the Citizenship by Investment Program (CIP) Law, the government has made the state even more attractive by allowing such payments to be made in the cryptocurrency Bitcoin Cash (BCH).
As reported by local news outlet Antigua News Room, the country's Prime Minister Gaston Browne said: “We are glad that we have a payment mechanism that will simplify payments in cryptocurrency. This will expand our market as there are some cryptocurrency investors who want our citizenship but are only willing to pay in cryptocurrency. If you don't accept cryptocurrency, then you are literally locking yourself out of this market.”
CIP is a program created by Bitcoin Cash proponent Calvin Eyre that allows individuals and their families to become citizens of the country. CIP also provides extensive business opportunities in the country's emerging economy, tax-free benefits and even visa-free travel to 132 countries.
In Antigua, Bitcoin Cash BCH is seen as the only real Bitcoin and the most scalable and flexible cryptocurrency in the world, although other cryptocurrencies are accepted. The CIP program will no doubt provide the country with more benefits provided by cryptocurrency and help it become an investment hub, improving its economy.
According to zycrypto.com
You May Also Like
Crypto exchanges will begin operating in Uzbekistan
Since the beginning of 2018, Uzbekistan has set a course towards legalizing blockchain technologies, mining and cryptocurrency. For Uzbekistan, the development of Blockchain has become a national priority.
South Korean province to issue its own cryptocurrency
According to local news sources, Gyeongbuk, a province on the east coast of South Korea, intends to issue its own cryptocurrency and completely replace the local currency used in the province. The provincial government also intends to open an exchange where new coins will be traded, and residents will be able to use QR codes to accept cryptocurrency.
