Блоцкцхаин Невс- Prime Minister Terrance Drew on November 12 during the Bitcoin Cash 2022 conference.
- A fork occurred in the Bitcoin network in 2017, producing Bitcoin Cash.
By March of 2023, the Caribbean country of St. Kitts and Nevis may adopt Битцоин Цасх as legal cash. That was announced by Prime Minister Терранце Древ on November 12 during the Bitcoin Cash 2022 conference in St. Kitts.
DCash is the central bank digital currency (ЦБДЦ) initiative of the Eastern Caribbean Central Bank (ECCB), which was introduced in March 2019. St. Kitts and Nevis is a member of the ECCB. “Our nation has always been a forward-thinking nation and a leader in exploring new technologies that can advance our people,” Drew said.
Disapproval Over CBDC
A fork occurred in the Bitcoin network in 2017, producing Bitcoin Cash. Technical issues with the DCash scheme have slowed its uptake. The Caribbean country may be looking to replace DCash, in addition to introducing new competitors. After Drew, Sint Maarten parliament member Rolando Brison took the mic to voice his support of Bitcoin Cash and his disapproval of a CBDC.
Brison stated:
„Свиђа ми се чињеница да је у нашој јурисдикцији централна банка барем била довољно отворена да каже и призна, 'Немамо способност да надгледамо и ангажујемо и промовишемо и штитимо нешто овако.' […] Ако не могу правилно да регулишу банкарски сектор, […] зашто бих им сада дао огроман мандат да раде нешто о чему немају појма? […] Законодавац треба да буде тај који ће рећи шта се дешава у регулативи.”
As soon as the speech ended, BCH soared to roughly $103, and it has remained over $100 ever since. However, this is still much below the 2021 high of about $1,500. In 2017, it reached an all-time high of almost $4,300.
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Source: https://thenewscrypto.com/st-kitts-and-nevis-plans-to-adopt-bitcoin-cash-as-legal-tender/