Antigua and Barbuda Plan On Opening a Cryptocurrency Exchange

 

The Caribbean sovereign state of Antigua and Barbuda’s government has green lit the decision to set up their first cryptocurrency exchange. According  to the Minister of Information Technology Melford Nicholas, the new crypto exchange will offer users the ability to buy and sell cryptocurrencies for a small fee.




antiguabarbuda crypto exchange

“By establishing an exchange here we will bring Antigua into the game, as it were. Should there be any potential economic spinoffs, we should be in the front seat,”

– Minister of Information Technology, Melford Nicholas

Antigua and Barbuda is looking to take advantage of the booming global cryptocurrency markets to generate revenue for the nation’s treasury. The Caribbean state’s economy relies heavily on revenue from tourism as well as gambling, and is also looking to also invest in mining facilities through out the country.




antiguabarbuda crypto exchange

The push to position Antigua and Barbuda in the front line of the crypto economy is lead by Calvin Ayre, a Canadian born businessman and online gambling entrepreneur. Ayre is acting as an adviser to the government as an economic envoy.

The necessary legal framework is currently being hatched out and will be propositioned to local parliament for review in the next coming weeks.



Related Posts

You may like these post too

robinhoodcrypto

Robinhood Crypto Trading First Invitations Rolling Out

rodman potcoin

Potcoin Pumps Due To Donald Trump, Dennis Rodman, and North Korea

tezos gevers resigns

Tezos Board Reorganizes Members and Will Release Tokens Soon

iota new year 2018

Big Plans for IOTA 2018 – New Exchanges and More

dicker poet ceo washington post

Jarrod Dicker Leaves Washington Post To Be The New Po.et CEO

coinbase exchange

Coinbase To Add ERC20 Support To Platform