Bermuda News

The Premier of Bermuda, Edward David Burt, has said that cryptocurrencies are a great equalizer and characterized fintech innovation as a national strategic imperative.

Bermuda became the first government to accept stablecoin USDC for tax payments, according to global financial services company Circle.

Major crypto exchange BitMEX announced that it will restrict access to its platform from Seychelles, Hong Kong and Bermuda.

Circle has launched a new subsidiary in Bermuda to serve non-American Poloniex customers, stressing U.S. regulatory limitations.

Fintech firm Velocity Ledger Technology has launched a testnet and blockchain API where users can develop apps for issuing, trading, and settling utility tokens.

The Bermuda Ministry of Finance has approved an ICO for trading company Velocity Ledger Holdings Limited.

Phillip Potter has joined the advisory board of a new stablecoin clearing house project.

Bermuda’s financial watchdog BMA has released a draft code of practice for crypto custodial services.

Some countries are far more welcoming than others when it comes to their cryptocurrency regulations.