The government of Antigua signs MoU with Globex and Julius Capital Bank
Antigua has made a recent step forward within the digital securities sector and is making its case as the new ‘blockchain island’. In a recent announcement, it was divulged that the Antigua and Barbuda Ministry of Finance & Corporate Governance (MFCG) has signed a memorandum of understanding (MoU) with Globex and Julius Capital Bank. The MoU will see new markets developed, supporting the issuance and secondary market trading of digital securities within the country.
The participants are expected to bring the following key contributions:
- The MFCG will provide the necessary regulations and the green-light to ensure safe and fair trading practices for all market participants.
- Globex will act as a software as a service (SaaS) provider, allowing for a regulatory compliant exchange.
- The Julius Capital Bank will provide FIAT gateways, allowing investors to enter and exit markets without exposure to cryptocurrencies.