British virgin islands financial news

Contrary to those media reports, the Government of the Virgin Islands is not in the process of developing or launching its own national cryptocurrency, neither by itself nor in partnership with any other entity, to replace the US dollar with a digital currency. The British Virgin Islands adopted the US dollar as its currency in and have made no commitments to replace it as the official currency in any form. The Government of the British Virgin Islands is positioning the Territory as a hub for digital technology, innovation and entrepreneurship, and in this regard, it has sought to create a welcoming and enabling environment for doing business. The Government wants to ensure that the jurisdiction remains at the forefront of key developments in the fintech arena.
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Economy of the United States Virgin Islands

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Finance and Business | Virgin Islands News Online

On July 3, , after a rebellion the previous day, the governor Peter von Scholten granted the slaves emancipation , which was against the wishes of Danish Crown. Although some plantation owners refused to accept the abolition, some 5, blacks were freed while another 17, remained enslaved. In that era, slaves labored mainly on sugar plantations. Other crops included cotton and indigo. Over the following years, strict labor laws were implemented several times, leading planters to abandon their estates, causing a significant drop in population and the overall economy. In the late , numerous natural disasters added to worsen the situation.
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Preparations[ edit ] "Irma has me sick to my stomach This hurricane is as serious as any I have seen. No hype, just the hard facts.
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A report from suggested that, despite the popular perception, income inequality was actually lower in the British Virgin Islands than in any other OECS state , [43] although in global terms income equality is higher in the Caribbean than in many other regions. The BVI are known as one of the world's greatest sailing destinations, and charter sailboats are a very popular way to visit less accessible islands. Every year since the BVI has hosted the Spring Regatta, which is a seven-day collection of sailing races throughout the islands. Only Virgin Islanders are permitted to work as taxi drivers.
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