The government of Antigua and Barbuda has announced that they will be releasing a native cryptocurrency exchange. The sovereign state consists of two primary Islands, along with several smaller islands, all in the Eastern Caribbean Ocean. Government Officials aim to adapt new blockchain related technologies within the country at an early stage, in order to push the small country forward. The country’s Minister of Information Technology, Melford Nicholas, clarified that the government is pursuing an exchange which will facilitate the process of buying and selling of digital currencies for individuals. The exchange will then charge a fee for each transaction. Officials hope that this new exchange will trigger non-tax revenue for the state. A statement from the government declares..
”Antigua and Barbuda is determined to be on the cutting edge of the new system of creating wealth.”
Furthermore, Nicholas added “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,”
Nicholas also announced to the public that Calvin Ayre, a Canadian born business mogul will be highly involved in creating and releasing the new crypto exchange. Ayre is a world renowned gambling entrepreneur who launched Bodog in the year 2000 and has a net worth worth over a billion dollars. He has always been a cryptocurrency enthusiast and an avid supporter of Bitcoin Cash. “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,” stated Melford Nicholas.