Monday, February 26, 2024
HomeNewsCaribbean NewsAntigua - Barbuda digital assets bill provides framework for digital asset companies,...

Antigua – Barbuda digital assets bill provides framework for digital asset companies, says ambassador Ayre

By Caribbean News Global fav

TORONTO, Canada – The recent passing of the Digital Assets Bill in Antigua and Barbuda provides significant scope for transfer of knowledge and skills sharing, says economic envoy for Antigua and Barbuda, ambassador Calvin Ayre.

This Bill provides a framework for the establishment of digital asset companies in Antigua and Barbuda and improves the commercial prospect for existing local businesses.

“Having established his Ayre Group headquarters in Antigua and Barbuda, he strongly considers the island as a prime location for high net-worth individuals to be able to live and work. It is his hope that others, especially knowledge-based experts, will in turn, be motivated to invest and contribute to the diversification of the workforce, through a transfer of knowledge.”

The recent regulations also provide an appealing environment for leading players and participants in the digital eco-system, as businesses will, in short order, be able to accept digital currency as a payment option.

Johnny Jaswal, general counsel at The Bayesian Group, believes, “that the Antigua and Barbuda legislative framework hits the right balance of regulation and industry flexibility so companies can operate effectively. Governments will use Antigua and Barbuda’s forward-thinking legislation as a benchmark for how to bring safe, credible and regulated digital asset businesses together to foster economic innovation.”

Roy Bernhard, chief executive and chief visionary of The Bayesian Group, added: “We were impressed to see the Government of Antigua and Barbuda pass such progressive and well-rounded legislation. It is clear that much thought for, not only, the current digital asset business & fintech industry, but also its many potential future uses, were taken into consideration.”

Economic envoy for Antigua and Barbuda, ambassador Ayre, also stated his full support of the government’s long-stay visa program designed for persons who can work remotely and are desirous of doing so from a safe Caribbean island. Details of the program will be launched on a dedicated government website shortly.

“Against this backdrop, Antigua and Barbuda offer the ideal remote-work solution. Reports of issues in “unplugging after work”, will no longer be, as persons will have enough motivation to step away from the desk and enjoy Antigua and Barbuda’s rich recreational options,” Ayre said in a press release. Get ready to #WorkWhereYouVacay.



Please enter your comment!
Please enter your name here


Caribbean News

Commonwealth Secretary-General joins Caribbean leaders for regional meeting in Guyana

LONDON, England - A team from the Commonwealth Secretariat, led by the Secretary-General, Patricia Scotland KC, is in Guyana for the 46th Regular Meeting...

Global News

UK steps up health support for women and girls in Gaza

Foreign Secretary David Cameron announces £4.25M in aid to support sexual and reproductive healthcare in Gaza. Support expected to help UN agency UNFPA...