Saint Kitts and Nevis legalized payments in cryptocurrency
2022.11.17 10:29
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Saint Kitts and Nevis legalized payments in cryptocurrency
Budrigannews.com – Saint Kitts and Nevis in the Caribbean may declare a legal tender for Bitcoin Cash (BCH) by 2023. Premier Terence Drew will speak at St. George’s Chapel on May 11.I made the announcement while speaking at Kitts’ Bitcoin Cash2022 conference. 12.
Saint Kitts and Nevis is part of the ECCB Central Bank’s DCash Digital Currency (CBDC) program, launched in 2019/3, and is a member of the Eastern Caribbean Central Bank. “Our country has always been a developed country and a leader in researching new technologies that can move people forward,” Drew said, but added.:
“I can confirm that I am ready to explore its potential after consulting with the regional banking system under the guidance of experts and experts. […I have bitcoin cash in mining to participate in future research and development opportunities. John University and cooperating in 2023. In Polynesia and Nevis, the fiat currency of Bitcoin Cash, to celebrate the country and the safety of people, is guaranteed as soon as the dialogue continues to welcome the opportunity.”
Bitcoin Cash was created in 2017 from Bitcoin (BTC). The DCash program had technical problems that prevented its adoption. In addition to introducing a new competition for DCash, Caribbean countries may consider such an exchange. Sint Maarten MP Roland Bryson expressed his support for Bitcoin Cash and his opposition to CBDC after Drew.
Bitcoin Think Tank: Reject Cbdc and turn to BTC and Stablecoins instead
Bryson opposed the CBDC, saying, “There are too many dangers to consider.Say, “My God.”:
“I say that the central banks in our jurisdiction are at least sufficient to recognize that they do not have the ability to monitor, participate, promote and protect such things.””.[If they can’t properly regulate the banking sector…Why would I give you a big mandate to do something that you don’t think about right now? […[Lawmakers need to talk about what’s happening in regulation.”
The prime Minister of Saint Kitts and Nevis has announced that #BitcoinCash will be legal tender in his country by 2023. This is a big step for BCH, as no country can ban the currencies of other countries.
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