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.