Antigua drafts laws to implement bitcoin

[HabBear]

https://news.bitcoin.com/antigua-and-barbuda-drafts-laws-to-implement-bitcoin/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

"Implement" is an interesting way of thinking about it.  There's a group, co-led by Craig Wright that's going to propose to the local government that they adopt bitcoin as their official currency.

I don't think this is a good idea. It could lead to the general public thinking that bitcoin became the currency of some small Caribbean islands.

[1715583731]

1715583731

[1715583731]

1715583731

[1715583731]

1715583731

[Sithara007]

Small Caribbean nations such as Antigua, Dominica, and Grenada will be most sympathetic to the Bitcoin technology. They are having a very attractive citizenship for investment program. It will be great if they accept payment in BTC for this citizenship.

[Mometaskers]

Yeah, and much of their income comes from tourism and off-shore gambling operations...both of which do well when they accept a global currency.

I agree with this. They seem to rely mostly on those industries so any way to encourage more money to come in would be good. I don't even think those countries are heavy on exports and business outsourcing so this could help them get more money in with minimal effort. I sure hope they diversify though, those industries are not really always reliable since a sluggish world economy might reduce the number of people willing to go spend their money there.