Prime Minister Saint-Kits and Nevis allowed the legalization of Bitcoin Cash

Bitcoin Cash cryptocurrency can become a legal payment tool in St. Kits and Nevis. This was stated by the Prime Minister of the state in the Caribbean Sea Terrence Drew at the Bitcoin Cash 2022 conference, Coindesk writes.

According to him, the legalization of a digital asset in the country may take place in March 2023. DRU-part-time Minister of Finance Saint-Chits and Nevis-announced consultations with experts and the East Caribbean Central Bank.

“Our nation has always been a long -sighted leader in the study of new industries,” he said.

According https://gagarin.news/news/how-are-trading-volumes-useful-in-cryptocurrency-analysis/ to the Prime Minister, the cryptocurrency revolution can bring “huge advantages and opportunities for business”.

In the case of approval of the initiative of Saint-Chits and Nevis will become the third country that recognized the cryptocurrency as a legal payment means. Previously, this was done by Salvador and the Central African Republic, legalizing bitcoin.

Recall that the former head of Microstrategy Michael Sailor called Bitcoin “Nadezhda” for Lebanon, whose national currency fell 96% to the US dollar.

Read the FORKLOG Bitcoin News in our Telegram-cryptocurrency news, courses and analytics.