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
EU Parliament: to regulate or not to regulate? That's the question
The European Parliament met in Strasbourg to discuss issues important to the continent. Blockchain is also on the agenda, but parliamentarians are still divided on the issue.
The IMF proposes a plan for international regulation of the crypto industry
The International Monetary Fund (IMF) has recognized the economic value of cryptocurrency innovation and the urgent need for clear rules to regulate the industry.
