CRYPTO-FRIENDLY CARIBBEAN ISLANDWednesday 15th September 2021
Citizens International is now accepting cryptocurrency for citizenship and property investments. They have been looking at it for some time and decided recently to accept payments in crypto from international clients as there is quite a large demand.
They are now accept the following currencies: ADA, ARK, BCH, BTC, BTG, CVC, DAI, DGB, DOGE, EOS, ETC, ETH, GNT, ICX, IOT, LSK, LTC, NEO, NXT, OMG, QTUM, RDD, SAI, SC, STEEM, STORJ, STRAT, TRX USDT, VET, WAVES, WTC, XEM, XLM, XRP.
According to NASDAQ, the future can and will be greener with blockchain technology. Cryptocurrency transactions are becoming increasingly popular and this means that the digital currency market is a breeding ground for business opportunities. Antigua & Barbuda has been proactive the last couple of years moving towards crypto. In particular many retailers now accept BTC and the government is apparently making moves to being able to accept crypto for some payments too.
Managing partner Kal Kennard commented recently in an industry news publication “To my knowledge, we are the first licensed agent and authorized representative company for Antigua & Barbuda to accept crypto payments for all our services including property purchases, and I am confident other licensed agents will follow suit.”
Kennard also said that while many shops and restaurants now openly accept Bitcoin Cash, also known as BTC, the government does not accept fees or donation in crypto directly at the moment.
“It’s my understanding that the government is looking to potentially accept BTC in the future,” she said. Crypto is not as cloaked in secrecy as some have been led to believe, Kennard said.
“Our crypto asset provider’s compliance team uses Chainalysis to monitor crypto transactions and KYC for coin ownership as part of their responsibility under the FCA regime. Transactions to us are fully traceable, which is one of the benefits of blockchain technology.”
“As an international lifestyle services provider, I recognize its importance to our industry which encompasses many services often starting with citizenship by investment and leading to property investment, legal, banking, lifestyle and many other services,” Kennard added.
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