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Caribbean nation St. Kitts and Nevis may adopt Bitcoin Cash as legal tender by March 2023


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The Caribbean nation of St. Kitts and Nevis may per chance well also represent Bitcoin Cash (BCH) comely soft by March 2023. Prime Minister Terrance Drew made that announcement when he spoke at the Bitcoin Cash 2022 conference in St. Kitts on Nov. 12.

Caribbean nation St. Kitts and Nevis may adopt Bitcoin Cash as legal tender by March 2023
PHOTO CREDIT: thecoin.news

St. Kitts and Nevis is a member of the Jap Caribbean Central Bank and phase of the ECCB’s DCash central bank digital forex (CBDC) program, which used to be launched in March 2019. “Our nation has continuously been a forward-pondering nation and a pacesetter in exploring contemporary technologies that will per chance per chance come to our folks,” Drew acknowledged, nonetheless he added:

“I can verify that we are ready to explore that chance with the steering of experts and experts and after consultation with our regional banking machine. […] I welcome the opportunity to dialog further with a watch to exploring future alternatives to pick in Bitcoin Cash mining and making Bitcoin Cash comely soft here in St. Kitts and Nevis by March 2023, once safeguards to our country and our folks are assured.”

Bitcoin Cash used to be produced from Bitcoin (BTC) in a 2017 fork. The DCash program has had technical concerns that personally impeded adoption. Besides introducing contemporary opponents to DCash, the Caribbean nation may per chance well be eyeing its alternative. Sint Maarten Member of Parliament Rolando Brison spoke after Drew and expressed his red meat up for Bitcoin Cash and his opposition to a CBDC.

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Brison’s antagonistic CBDC is “too noteworthy of a hazard to raise into consideration.” He acknowledged:

“I in actuality enjoy the truth that in our jurisdiction, the central bank has on the least been originate ample to hiss and admit, ‘We don’t personal the ability to music and pick and promote and safeguard one thing enjoy this.’ […] In the occasion that they can’t nicely clutch an eye fixed on the banking sector, […] why would I give them now a substantial mandate to terminate one thing that they’ve no idea about? […] The legislator desires to be the one to personal a advise on what occurs in legislation.”

The Prime Minister of St. Kitts and Nevis appropriate announced that #BitcoinCash will change into comely soft in his country by March 2023. A mammoth step for BCH as no nation can outlaw the currencies of other worldwide locations. Mass utilization with unbelievable contemporary apps is subsequent. pic.twitter.com/WjnaZxGv50

— Kim Dotcom (@KimDotcom) November 13, 2022

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