Antigua and Barbuda, a picturesque island nation in the Eastern Caribbean, has taken a groundbreaking step by amending its Citizenship by Investment Program (CIP) Act to accept cryptocurrencies like Bitcoin Cash (BCH) as payment for citizenship. This progressive move aims to attract global crypto investors seeking dual citizenship benefits.
Key Highlights of the Amendment
- Approved Cryptocurrencies: Bitcoin Cash (BCH) and other major cryptocurrencies are now valid payment methods alongside traditional currencies (e.g., USD, EUR).
- Conversion Process: Crypto payments are converted to USD at the prevailing exchange rate on the transaction date.
- Target Audience: The amendment caters to high-net-worth crypto investors looking for visa-free travel and tax advantages.
Prime Minister Gaston Browne emphasized the strategic rationale:
"Accepting crypto payments expands our investor base. Many cryptocurrency holders are eager to obtain Antiguan citizenship—ignoring this market would be a missed opportunity."
Benefits of Antigua and Barbuda’s CIP
- Visa-Free Access: Citizenship grants visa-free or visa-on-arrival entry to 132 countries, including the Schengen Zone and UK.
- Tax Incentives: No capital gains, inheritance, or wealth taxes for residents.
- Family Inclusion: Immediate family members can be included in the application.
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Why Bitcoin Cash?
The government highlighted BCH's scalability and low transaction fees as ideal for cross-border payments. This ensures applicants can transfer funds quickly and cost-effectively.
FAQs
Q1: Which cryptocurrencies are accepted?
A: Bitcoin Cash (BCH) is the primary option, but other major cryptos may be considered.
Q2: How is the crypto value determined?
A: Conversions to USD are based on real-time exchange rates at the time of transaction.
Q3: Are there additional fees for crypto payments?
A: No—crypto transactions incur the same processing fees as traditional methods.
Q4: How long does the citizenship process take?
A: Typically 3–6 months after completing investments and due diligence.
👉 Learn more about blockchain’s role in modern immigration
Conclusion
Antigua and Barbuda’s crypto-inclusive CIP positions it as a forward-thinking destination for investors. By leveraging digital assets’ efficiency, the nation enhances its appeal in the competitive investment migration market.
Note: This article is for informational purposes only. Consult official sources for current regulations.
### Keywords
1. Antigua and Barbuda citizenship
2. Bitcoin Cash (BCH)
3. Citizenship by Investment
4. Crypto payments
5. Visa-free travel
6. Tax incentives
7. Gaston Browne