The islands of Antigua and Barbuda might become far more friendly towards cryptocurrencies and blockchain technology in the near future. On August 8, Caribbean island states has appointed the billionaire and bitcoin proponent, Calvin Ayre, to serve as the region’s Economic Envoy, and will advise the sovereign island states on “where blockchain technology is being utilised.”
Ayre has been a long-time bitcoin and blockchain proponent and aims to build Bodog into a “mainstream 21st-century digital entertainment conglomerate.” Further, according to a report in June 2016, the journalist Andrew O’Hagan revealed that Ayre had been associated with Craig Wright.
The government of Antigua and Barbuda’s Director-General of Communications said, “Mr. Ayre will advise the Government on the effective implementation of new technological developments in cryptocurrency and Bitcoin which have been adopted by leading companies in the United States, Australia, Denmark, the Netherlands, Sweden, Canada, China, and the United Kingdom. He has already invested heavily in bitcoin blockchain core technology and his e-Com technology processes more bitcoin transactions than any other platform in the world today.”
In addition to Ayre’s bitcoin knowledge, the government says they will leverage Ayre’s understanding of internet gaming as well. The online gaming industry is worth over US$37.9 Billion annually, and they expect Ayre’s expertise to “re-invigorate” their gaming industry. “As it continues to diversify the economy and create new and high paying jobs for its people, the Government of Antigua and Barbuda looks forward to the contribution of Mr. Ayre’s technological companies,” the Director-General of Communications adds.
As we already know Ayre was instrumental in helping Antigua and Barbuda draft laws to implement bitcoin into the Commonwealth nations’ laws. The region has always been known as a tax-haven and the twin-island’s Minister of Trade and Consumer Affairs, EP Chet Greene, said bitcoin would allow for better “traceability.”
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