{"id":12863,"date":"2018-02-26T14:51:21","date_gmt":"2018-02-26T18:51:21","guid":{"rendered":"http:\/\/antiguanewsroom.com\/?p=12863"},"modified":"2018-02-26T14:51:21","modified_gmt":"2018-02-26T18:51:21","slug":"trinidad-government-warns-against-digital-currency","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/","title":{"rendered":"TRINIDAD-Government warns against \u201cdigital currency\u201d"},"content":{"rendered":"
\"\"<\/a><\/div>
\"\"<\/a><\/div>

The Trinidad and Tobago government says it has not endorsed the use of \u201cBarterCoin Exchange nor an Initial Coin Offering (ICO) here and warned the public to be extremely careful.<\/p>

\"\"<\/a><\/div>\n

In a statement, the Ministry of Finance said it has noted the recent international trend \u201cof what is termed \u2018digital currency\u2019 and locally, the proposed launch of a BarterCoin Exchange and an Initial Coin Offering in Trinidad and Tobago.<\/p>\n

\u201cThe Ministry of Finance advises the public that, it is not associated with, nor has it endorsed a BarterCoin Exchange nor an Initial Coin Offering (ICO).\u201d<\/p>

\"\"<\/a><\/div>
\"\"<\/a><\/div>\n

It said that the regulatory body for investments in Trinidad and Tobago, The Securities and Exchange Commission (SEC), recently stated it has \u201cnot as of this date\u201d approved any ICO.<\/p>

\"\"<\/a><\/div>\n

\u201cThe ongoing offerings are unregulated and speculative investments, with considerable risk to the investor,\u201d the Ministry of Finance said, quoting the SEC as indicating that further risks include heightened potential for fraud \u00a0and \u201cthe fact that the products and those selling them may in some cases not be subject to regulation, [may] expose the investors to fraud;\u201d<\/p>\n

The Sec has also warned of cross-border distribution risks, \u201cwhere the issuer may be operating the ICO from outside of the investor\u2019s jurisdiction, therefore, following the money in the event of a collapse of the ICO as well as recovering invested funds, may prove extremely difficult [for the investor\u201d.<\/p>

\"\"<\/a><\/div>\n

It is also making reference to information asymmetry where \u2018investors may not be able to understand the risks, costs and expired returns\u2026 arising from their investment\u201d as well as \u201cliquidity risks \u201c where \u201cin some jurisdictions, cryptocurrency exchanges may also be unregulated and operate without oversight.<\/p>\n

\u201cThus leaving investors vulnerable to dramatic price changes and possibility that they may not be able to exit their holdings (funds invested).\u201d<\/p>

\"\"<\/a><\/div>\n

The Ministry of Finance said that it should also be noted that the proposed BarterCoin Exchange, has not received the approval of the Central Bank of Trinidad and Tobago.<\/p>

\"\"<\/a><\/div>\n

\u201cBased on the foregoing, the Ministry of Finance advises members of the public to exercise caution when engaging in any form of investment and when in doubt, seek the advice of the Regulatory Bodies \u2013 The Securities and Exchange Commission and\/or the Central Bank of Trinidad and Tobago,\u201d the statement added.<\/p>\n

\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

The Trinidad and Tobago government says it has not endorsed the use of \u201cBarterCoin Exchange nor an Initial Coin Offering (ICO) here and warned the public to be extremely careful. In a statement, the Ministry of Finance said it has noted the recent international trend \u201cof what is termed \u2018digital currency\u2019 and locally, the proposed […]<\/p>\n","protected":false},"author":3,"featured_media":12864,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-12863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regional"],"yoast_head":"\nTRINIDAD-Government warns against \u201cdigital currency\u201d - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TRINIDAD-Government warns against \u201cdigital currency\u201d\" \/>\n<meta property=\"og:description\" content=\"The Trinidad and Tobago government says it has not endorsed the use of \u201cBarterCoin Exchange nor an Initial Coin Offering (ICO) here and warned the public to be extremely careful. In a statement, the Ministry of Finance said it has noted the recent international trend \u201cof what is termed \u2018digital currency\u2019 and locally, the proposed […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/\" \/>\n<meta property=\"og:site_name\" content=\"Antigua News Room\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/antiguanewsroom\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-26T18:51:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mlavawteztbj.i.optimole.com\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/02\/digital-currncy.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:site\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5\"},\"headline\":\"TRINIDAD-Government warns against \u201cdigital currency\u201d\",\"datePublished\":\"2018-02-26T18:51:21+00:00\",\"dateModified\":\"2018-02-26T18:51:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/\"},\"wordCount\":384,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1280\/h:720\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/02\/digital-currncy.jpg\",\"articleSection\":[\"Regional\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/\",\"url\":\"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/\",\"name\":\"TRINIDAD-Government warns against \u201cdigital currency\u201d - Antigua News Room\",\"isPartOf\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1280\/h:720\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/02\/digital-currncy.jpg\",\"datePublished\":\"2018-02-26T18:51:21+00:00\",\"dateModified\":\"2018-02-26T18:51:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/#primaryimage\",\"url\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1280\/h:720\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/02\/digital-currncy.jpg\",\"contentUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1280\/h:720\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/02\/digital-currncy.jpg\",\"width\":\"1280\",\"height\":\"720\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/antiguanewsroom.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"TRINIDAD-Government warns against \u201cdigital currency\u201d\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/antiguanewsroom.com\/#website\",\"url\":\"https:\/\/antiguanewsroom.com\/\",\"name\":\"Antigua News Room\",\"description\":\"News As It Happens\",\"publisher\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/antiguanewsroom.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\",\"name\":\"Antigua Newsroom\",\"url\":\"https:\/\/antiguanewsroom.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1080\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/08\/IMG_1584.jpeg\",\"contentUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1080\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/08\/IMG_1584.jpeg\",\"width\":1260,\"height\":1260,\"caption\":\"Antigua Newsroom\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/antiguanewsroom\",\"https:\/\/x.com\/AntiguaNewsRoom\",\"https:\/\/www.instagram.com\/antiguanewsroom\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5\",\"name\":\"Editor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=96\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=96\",\"caption\":\"Editor\"},\"url\":\"https:\/\/antiguanewsroom.com\/author\/editor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"TRINIDAD-Government warns against \u201cdigital currency\u201d - Antigua News Room","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/","og_locale":"en_US","og_type":"article","og_title":"TRINIDAD-Government warns against \u201cdigital currency\u201d","og_description":"The Trinidad and Tobago government says it has not endorsed the use of \u201cBarterCoin Exchange nor an Initial Coin Offering (ICO) here and warned the public to be extremely careful. In a statement, the Ministry of Finance said it has noted the recent international trend \u201cof what is termed \u2018digital currency\u2019 and locally, the proposed […]","og_url":"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/","og_site_name":"Antigua News Room","article_publisher":"https:\/\/www.facebook.com\/antiguanewsroom","article_published_time":"2018-02-26T18:51:21+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/mlavawteztbj.i.optimole.com\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/02\/digital-currncy.jpg","type":"image\/jpeg"}],"author":"Editor","twitter_card":"summary_large_image","twitter_creator":"@AntiguaNewsRoom","twitter_site":"@AntiguaNewsRoom","twitter_misc":{"Written by":"Editor","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/#article","isPartOf":{"@id":"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/"},"author":{"name":"Editor","@id":"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5"},"headline":"TRINIDAD-Government warns against \u201cdigital currency\u201d","datePublished":"2018-02-26T18:51:21+00:00","dateModified":"2018-02-26T18:51:21+00:00","mainEntityOfPage":{"@id":"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/"},"wordCount":384,"commentCount":0,"publisher":{"@id":"https:\/\/antiguanewsroom.com\/#organization"},"image":{"@id":"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/#primaryimage"},"thumbnailUrl":"https:\/\/mlavawteztbj.i.optimole.com\/w:1280\/h:720\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/02\/digital-currncy.jpg","articleSection":["Regional"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/","url":"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/","name":"TRINIDAD-Government warns against \u201cdigital currency\u201d - Antigua News Room","isPartOf":{"@id":"https:\/\/antiguanewsroom.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/#primaryimage"},"image":{"@id":"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/#primaryimage"},"thumbnailUrl":"https:\/\/mlavawteztbj.i.optimole.com\/w:1280\/h:720\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/02\/digital-currncy.jpg","datePublished":"2018-02-26T18:51:21+00:00","dateModified":"2018-02-26T18:51:21+00:00","breadcrumb":{"@id":"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/#primaryimage","url":"https:\/\/mlavawteztbj.i.optimole.com\/w:1280\/h:720\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/02\/digital-currncy.jpg","contentUrl":"https:\/\/mlavawteztbj.i.optimole.com\/w:1280\/h:720\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/02\/digital-currncy.jpg","width":"1280","height":"720"},{"@type":"BreadcrumbList","@id":"https:\/\/antiguanewsroom.com\/trinidad-government-warns-against-digital-currency\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/antiguanewsroom.com\/"},{"@type":"ListItem","position":2,"name":"TRINIDAD-Government warns against \u201cdigital currency\u201d"}]},{"@type":"WebSite","@id":"https:\/\/antiguanewsroom.com\/#website","url":"https:\/\/antiguanewsroom.com\/","name":"Antigua News Room","description":"News As It Happens","publisher":{"@id":"https:\/\/antiguanewsroom.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/antiguanewsroom.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/antiguanewsroom.com\/#organization","name":"Antigua Newsroom","url":"https:\/\/antiguanewsroom.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/antiguanewsroom.com\/#\/schema\/logo\/image\/","url":"https:\/\/mlavawteztbj.i.optimole.com\/w:1080\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/08\/IMG_1584.jpeg","contentUrl":"https:\/\/mlavawteztbj.i.optimole.com\/w:1080\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/08\/IMG_1584.jpeg","width":1260,"height":1260,"caption":"Antigua Newsroom"},"image":{"@id":"https:\/\/antiguanewsroom.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/antiguanewsroom","https:\/\/x.com\/AntiguaNewsRoom","https:\/\/www.instagram.com\/antiguanewsroom\/"]},{"@type":"Person","@id":"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5","name":"Editor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/antiguanewsroom.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=96","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=96","caption":"Editor"},"url":"https:\/\/antiguanewsroom.com\/author\/editor\/"}]}},"_links":{"self":[{"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/posts\/12863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/comments?post=12863"}],"version-history":[{"count":0,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/posts\/12863\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/media\/12864"}],"wp:attachment":[{"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/media?parent=12863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/categories?post=12863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/tags?post=12863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}