Government Engages Experts on Establishing Cryptocurrency Exchange

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Tuesday 29th May, 2018-A representative of Kession Capital Limited, managers of Gibraltar’s Crypto-currency Exchange, traveled to Antigua as the government continues to hear from experts on the possibility of establishing a crypto currency exchange on the island.

The presentation to Cabinet reportedly focused on the number of high-paying jobs that will be created, the presence of Antigua and Barbuda among an exclusive number of states with such an Exchange, and the number of high-net-worth individuals that will be attracted to Antigua and Barbuda were such an Exchange brought into existence.

The company also foresees tax revenues flowing to the government from the Exchange that could be dedicated to financing the university at Five Islands. The Cabinet has asked the principal of Kession Capital Limited to return with the legislation that currently governs in the existing states, especially Gibraltar. Antigua and Barbuda is currently reviewing draft legislation intended to allow crypto currencies to be lawfully utilized here.