IMF encourages St. Kitts and Nevis to cautiously launch digital currency

Article By Uglobal Staff

IMF is encouraging St Kitts and Nevis to "cautiously piloting a digital currency" as part of its adopted Virtual Assets Bill. The move will pave the way for easier transfer of funds for the island’s CBI program and other business transactions. CBI is one of the reasons the Eastern Caribbean Currency Union (ECCU) has registered a GDP growth last year, IMF said.

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Uglobal Staff
Uglobal Staff
Uglobal.com, along with its peer-reviewed magazines and conferences series, focuses on the global investment immigration market, offering the latest trends and analyses. Uglobal.com is a media platform built to provide professionals involved with global programs with the most comprehensive and credible sources of information in digital, print and seminar mediums. The platform was created out of the need for marketplace transparency and to more efficiently connect individuals interested in learning about the global programs - either as a potential capital source or as a solution for their immigration needs. The Uglobal publication collaborates with a network of leading experts and an authoritative board of advisors to uphold a high standard in all content delivered and events hosted by the organization.

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