YENSA WERTH, ASSISTANT EDITOR
UGlobal Magazine once again quoted Managing Partner Kal Kennard and this time the article was all about cryptocurrency and whether or not, or how, one can use it for citizenship by investment, and how that may be that is evolving.
Citizens International now accept a multitude of cryptocurrency including:
“We have been looking at it for some time and decided recently to accept payments in crypto from our international clients as there is quite a large demand,” Kennard said.
“To my knowledge, we are the first licensed agent and authorized representative company for Antigua & Barbuda to accept crypto payments for all our services including property purchases, and I am confident other licensed agents will follow suit.”
Kennard also said that while many shops and restaurants now openly accept Bitcoin Cash, also known as BTC, the government does not accept fees or donation in crypto directly at the moment.
“It’s my understanding that the government is looking to potentially accept BTC in the future,” she said.
Crypto is not as cloaked in secrecy as some have been led to believe, Kennard said.
“Our crypto asset provider’s compliance team uses Chainalysis to monitor crypto transactions and KYC for coin ownership as part of their responsibility under the FCA regime. Transactions to us are fully traceable, which is one of the benefits of blockchain technology.”
Blockchain technology is the future of currency, according to Kennard.
“As an international lifestyle services provider, I recognize its importance to our industry which includes many services often starting with citizenship by investment but also including property, legal, banking and many other services,” Kennard added.