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

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

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Caribbean country Saint Kitts and Nevis may declare Bitcoin Cash (BCHMorePrime Minister Terrance Drew made the announcement during a speech at the Bitcoin Cash 2022 conference in St. Kitts on November 12th.

st kitts and nevis Member of Eastern Caribbean Central Bank It is also part of the ECCB’s DCash Central Bank Digital Currency (CBDC) program launched in March 2019.but he Added:

“After receiving expert and expert guidance and consulting with the local banking system, we can confirm that we are ready to explore the possibilities. […] We welcome the opportunity for further dialogue with a view to exploring future opportunities to engage in Bitcoin Cash mining and make Bitcoin Cash legal tender here in St Kitts and Nevis by March 2023. .

Bitcoin Cash was made from Bitcoin (Bitcoin) on the 2017 fork. DCash program I had a technical problem that impede recruitment. Besides introducing new competition to DCash, the Caribbean nation may be eyeing its replacement. Sint Maarten MP Roland Bryson has voiced support for Bitcoin Cash and opposition to CBDC after Drew.

Related: Bitcoin Think Tanks: Reject CBDC, Look to BTC and Stablecoins Instead

Bryson objected to CBDC, calling it “too many dangers to consider.” He said:

“I like the fact that central banks in our jurisdiction have at least said and acknowledged that they have no capacity to monitor, engage, facilitate and protect this kind of thing. […] If the banking sector cannot be properly regulated, […] Why would I now give them a huge mandate to do something they know nothing about? […] Legislators should have a say in what happens with regulation. ”