Minister for environment and physical planning, Dr. Kenneth Darroux, said he is not prepared, at least for now, to discuss an upcoming project involving the digital currency Bitcoin.
Darroux has reportedly met with one of the major sponsors of the project, CEO of Coinapult, Ira Miller and the event is expected to take place in March 2014.
DNO contacted Darroux on Friday on the matter but he said that he cannot discuss it “at this point in time” but promised to do so “at an appropriate time.”
He stated that he is aware that the news on the project is all over the internet but insisted that he will be able to discuss the matter in about a week.
The Bit Drop project is expected to take place in Dominica on March 14, 2015.
According to published information, officials in Dominica have collaborated with several Bitcoin businesses and companies for what has been called the “Bit Drop” project.
During the project Bitcoins will be sent to every resident in Dominica via SMS texting, according to reports.
Bitcoin is a digital currency which exists only online and transactions are made with no middle men and no need for banks. No transaction fees are needed with Bitcoins and there is no need to give your real name.
Although local officials are not talking about the project, organizers have plenty to say.
Bit Drop project manager, Sarah Blincoe, told publication, CoinDesk, that the island’s government has reacted in a highly positive manner to the project.
“The young forward-thinking administration sees the long term benefits in the block chain technology and is eager to support our project in any way possible,” she was quoted as saying.
According to coinbuzz.com, “The Bit Drop has received full cooperation and support from the Dominican government and has partnered with its elected leaders to distribute educational materials prior to the event.”
The project is being organized by what has been described as a “group of Bitcoin enthusiasts” and it is reported that the “event will be celebrated with an island-wide party featuring celebrities, musicians, bitcoin education booths and free giveaways.”
DNO has contacted several organizers of the event, who said they will be willing to give interviews on the project when they are available.