In recognition of the prerequisites for the transition to a digital economy, the ECCB launched a project for the development of a legislative framework for the regulation of virtual assets and other fintech initiatives.
We refer the public to the 6 April 2021 notice on virtual assets issued by the FSRC, which was carried in the local news, circulated in the local newspapers and shared with each financial institution in Antigua and Barbuda.
This Act gives the FSRC authority to enforce the legal framework among the relevant companies, but the infrastructure especially the regulations are not yet in place to comprehensively regulate the activities of Bitcoin and other virtual assets and entities.