Antigua and Barbuda news

Investment Programme Act allows payments for citizenship using Bitcoin and other cryptocurrencies. Last updated: July 13, 2018.

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You Can Become a Citizen of Antigua and Barbuda for Less Than 13 BTC

The parliament of Antigua and Barbuda has amended the country’s Citizenship by Investment Programme Act to accept payments in the form of bitcoin and other cryptocurrencies. With Antigua and Barbuda’s citizenship by way of investment into its National Development Fund having been reduced to a cost of $100,000 USD last year, the price of citizenship in the independent Commonwealth country is less than 13 BTC at current prices. Also Read: More Than 6% of Securities Lawsuits Filed in 2018 Related to ICOs  Antigua-Barbuda Amends Citizenship by Investment Programme to Accept Crypto Antigua and Barbuda’s parliament has amended the country’s citizenship by investment programme (CIP) to allow payments in the form of cryptocurrencies. The resolution was passed in the country’s lower house and also facilitates CIP payments in the form of fiat currencies other than USD. Gaston Browne, Antigua and Barbuda’s prime minister and minister of finance, stated: “So not only are we providing the capacity for payment in Euros, but we are also proving for payments using bitcoin and other cryptocurrencies.” Mr. Browne acknowledged that “we know we have to be careful” with regards to cryptocurrencies. The prime minister added that “moving money is important and if you cannot move money you cannot receive it,” concluding that “it is quintessential that we have a payment mechanism that could facilitate payments in cryptocurrencies.” Antigua-Barbuda Seeks to Expand Citizenship by Investment Programme Prime Minister Gaston Browne Mr. Browne emphasized that facilitating CIP payments in the form of cryptocurrency “expands your market because we have a number of cryptocurrency investors who may be quite willing to take up our citizenship but would only pay in cryptocurrencies,” adding “If you do not accept the cryptocurrency then you would be literally locked out of that market.” In October of last year, the country’s parliament reduced the price for citizenship through its National Development Fund (NDF) by half – bringing the price down to $100,000. At the time, the Antigua and Barbuda government argued that its citizenship by investment program was failing to compete with those offered by neighbouring countries – with Mr. Browne asserting that in the two months leading up to the amendment, only $600,000 had been generated from three new citizens, whereas neighbouring Dominica was earning $50 million per month through its $100,000 NDF program. Despite the enthusiasm surrounding the acceptance of cryptocurrencies on the part of Antigua and Barbuda’s ministers, Mr. Browne indicated that the government will convert all virtual currencies earned through the CIP into fiat currencies on a daily basis in order to “ensure that we have any exposure in cryptocurrencies.” Do you think that more countries will begin to accept cryptocurrencies in exchange for their citizenship programs? Share your thoughts in the comments section below Images courtesy of Shutterstock, Wikipedia At there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. The post You Can Become a Citizen of Antigua and Barbuda for Less Than 13 BTC appeared first on Bitcoin News.
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Antigua and Barbuda’s Citizenship Can Be Bought with 12 Bitcoin or $100,000 USD Investment

You Can Buy An Antigua Citizenship With 12 BTC Are you interested in becoming an /antiguan Barbudian citizenship and you have a lot of BTC? We have good news for you, then, because for only about 12 BTC at the current price of the token, you will be able to become a citizen of this country. The Antigua and Barbuda’s Citizenship By Investment Program Act was recently amended by the country and now they accept Bitcoin as a way of payment. The new resolution was recently announced by the Prime Minister of the country and by the Minister of Finance and Corporate Governance & Public-Private Partnerships, Hon. Gaston Browne. The decision was made to attract Bitcoin investors who hold a lot of tokens. The price for buying a citizenship in the country is currently $100,000 USD and now the country has started to accept cryptos, as they are becoming more mainstream. They believe that by doing this, they will be able to reach more people around the globe. According to Browne, if you don’t accept crypto payments, you may lock out some of your clients outside of the market. Payments made in BTC will be immediately converted to USD to avoid future losses because of the high volatility of the market. Invest Or Contribute To be eligible to participate in the new program, you can choose if you want to invest in some business on the country or if you want to make a donation. To invest, you have to invest from $400,000 to $1,500,000 USD or you can make a single contribution of $100,000 USD in BTC to the National Development Fund. Additional amounts are required for people with dependents. The country has recently started many endeavours to create an environment that can be crypto-friendly. Last April, for instance, the country’s attorney general drafted a legislation that allowed government services to be paid for using Bitcoin. Another reason why the country is accepting Bitcoin now is because it is widely known as a tax haven, so the immutable nature of the blockchain technology would allow for transactions that could be traced, which could improve the image of the country. According to the Minister of Foreign Affairs, International Trade and Immigration, Everly Paul Chet Greene, the island is a leader and a trendsetter in the Caribbean, so accepting Bitcoin would further the reputation of the company.
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Antigua and Barbuda to Set Up a Cryptocurrency Exchange

The government of Antigua and Barbuda has decided to set up a cryptocurrency exchange. Authorities in St. John’s want to generate revenue for the nation’s treasury and place the country “on the cutting edge of the new system of creating wealth”. The local parliament is set to review and adopt the relevant legal framework. Also read: How the Marshall Islands Sovereign Cryptocurrency Came About In the Front Seat Trying to cash in on the global fintech wave, Antigua and Barbuda plans to set up its first cryptocurrency exchange. The legislation needed to create the necessary legal framework is to be introduced in parliament shortly, the local Daily Observer reports. According to the Minister of Information Technology, Melford Nicholas, the exchange will bring together buyers and sellers facilitating crypto trade for a fee. The government expects that the trading platform will generate non-tax revenue for the budget of the island nation. An official statement reads: Antigua and Barbuda is determined to be on the cutting edge of the new system of creating wealth. “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,” Mr. Nicholas said. The IT Minister also revealed that Canadian-born businessman Calvin Ayre is one of those involved at the forefront of the new cutting edge technology. The online gambling entrepreneur, who is known for his enthusiasm for cryptos, especially bitcoin cash (BCH), is advising the Antiguan government on cryptocurrency matters. “Mr. Ayre was appointed as an economic envoy and he is now a citizen of Antigua and Barbuda. We think we can leverage both of those relationships,” said Melford Nicholas. Last month Calvin Ayre announced intentions to build a $100 million resort at Valley Church beach, Antigua, with profits from his cryptocurrency undertakings. In January he said he was planning to invest in a mining facility dedicated to bitcoin cash. The new resort will accept BCH payments. Leader in Bitcoin Adoption In 2017, the government of Antigua and Barbuda said it was drafting laws “to implement bitcoin”, as reported. Antiguan authorities believe bitcoin is benefiting the Caribbean nation, whose economy relies heavily on the tourism and gambling industries. The online gaming sector has developed rapidly in recent years. Antigua and Barbuda is a sovereign state consisting of two major islands, and a number of smaller islands, situated between the Caribbean Sea and the Atlantic Ocean. It is a member of the Commonwealth of Nations. Authorities in the capital Saint John’s hope their country will become an early leader in bitcoin adoption and blockchain technology implementation. Do you agree that small independent nations have the best chance to become true leaders in bitcoin adoption? Share your thoughts in the comments section below. Images courtesy of Shutterstock. Do you agree with us that Bitcoin is the best invention since sliced bread? Thought so. That’s why we are building this online universe revolving around anything and everything Bitcoin. We have a store. And a forum. And a casino, a pool and real-time price statistics. The post Antigua and Barbuda to Set Up a Cryptocurrency Exchange appeared first on Bitcoin News.
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Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its […] Cet article Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust est apparu en premier sur Bitcoin Central.
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Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

BitPay co-founder and CEO, Stephen Pair, has recently commented that Bitcoin (BTC) is solving several issues around the world. He said that in a press release uploaded a […] The post BitPay CEO Says Bitcoin Is Solving Real Problems Around the World appeared first on UseTheBitcoin.
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Trillion Dollar Market Cap, Ethereum Chain Splits & Stellar Lumens Fund - Crypto News

In this video, Mattie gives you the latest bitcoin and crypto news. He talks about the ethereum chain splitting, BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars, and a new Stellar Lumens fund. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: Facebook: Telegram: ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: CoolWallet S: Trezor: Ledger Nano S: KeepKey: Read about them here: --------------------------------------------------------------------------------- References: Leading Crypto Asset Manager Grayscale Launches Stellar Lumens Trust Crypto Investment Firm Grayscale Launches Fund Dedicated to Stellar Lumens (XLM) Grayscale Tweet Grayscale BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars As Company Launches Cold Storage Trading Crypto’s Billion-Dollar Theft Problem Prompts Safer Way to Trade Ethereum Chain Splits, An Estimated 10% of Miners Stay on Constantinople Ethereum Upgrade – Constantinople Hard Fork Delayed VanEck to Nasdaq: Bitcoin Market Structure Expected to Improve in 2019 Nasdaq Tweet -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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