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    Sonal Shridhar Shinde in Crypto News

    29-Nov-2022 01:02 PM


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    Dominica works with Huobi for digital identity program

    Cryptocurrency exchange Huobi has partnered with the Commonwealth of Dominica to roll out a digital identity and national token service that promises digital citizenship of the West Indian island nation.
    Not to be confused with the nearby, larger Dominican Republic, Dominica is home to some 72,000 people and is situated in the middle of the Lesser Antilles archipelago.
    The island nation is one of the first Caribbean countries to adopt a citizenship-by-investment program.
    The primary use case for Dominica DIDs include Know Your Customer (KYC) verification on cryptocurrency exchanges, opening bank accounts in Dominica as well as applying for loans and registering digital enterprises.
    Dominica also adopted the Eastern Caribbean Central Bank (ECCB) CBDC program in December 2021
    Source: Cointelegraph