Caribbean nation St. Kitts & Nevis may adopt Bitcoin Cash as legal tender by March 2023
The Caribbean nation of St. Kitts & Nevis may declare Bitcoin Cash legal tender by March 2023. Prime Minister Terrance Drew made that announcement while he spoke at the BitcoinCash2022 Conference in St. Kitts on Nov. 12.
St. Kitts & Nevis is a member of the Eastern Caribbean Central Bank (ECCB) and part of the ECCB’s DCash central bank digital currency (CBDC) program, which was launched in March 2019. “Our nation has always been a forward-thinking nation and a leader in exploring new technologies that can advance our people,” Drew said, but he added:
Bitcoin Cash was created from Bitcoin in a 2017 fork. The DCash program has had technical problems that have impeded adoption. Besides introducing new competition to DCash, the Caribbean nation may be eyeing its replacement. Sint Maarten member of parliament Rolando Brison spoke after Drew and expressed his support for Bitcoin Cash and his opposition to CBDC.
Related: Bitcoin think tank: Reject CBDCs and look to BTC and stablecoins instead
Brison opposed CBDC as “too much of a danger to consider.” He said:
The Prime Minister of St. Kitts and Nevis just announced that #BitcoinCash will become legal tender in his country by March 2023. A big step for BCH as no nation can outlaw the currencies of other nations. Mass utilization with amazing new apps is next. pic.twitter.com/WjnaZxGv50
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