Antigua & Barbuda to Accept Bitcoin for Government Services

Antigua Barbuda might go “full bitcoin” and accept the digital currency for government services.

The Cabinet of Antigua Barbuda instructed the Attorney General, Steadroy “Cutie” Benjamin, to draft news laws for the possible implementation of Bitcoin throughout the various level of government on the twin island nation, which include numerous smaller islands.

The move comes after the Cabinet met with an Antigua Leisure Gaming Association on Wednesday, to discuss the benefits of using Bitcoin on Antigua. The Cabinet, apparently seeing an opportunity to put Antigua ahead of the curve on this new technology, made the move.

“Here in Antigua Barbuda we know we are always very much front and centre of new developments; we are leaders, trendsetters in the Caribbean,” Minister of Trade and Consumer Affairs, EP Chet Greene said at the post-Cabinet briefing.

That “this new currency is immutable, [and] you can always go and trace transactions; so, in the context of allegations of our country being involved in tax havens, it allows for better traceability”, contended Minister Greene.

The

Read more ... source: CryptoCoinsNews

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