Topic: Bermuda looks to attract Crypto companies to its shores (Read 152 times)
It's huge amount of money so of course they want to attract crypto companies. I suppose there will be great benefit for both sides.
(Disclosure, I am on the Crypto Task Force for Bermuda, black suit, white tie)
Premier Burt said, “Today I am pleased to update international investors and our local community on the work that the Government of Bermuda is doing in an important area of technological advance that is happening globally.
“There has been a lot of attention and focus globally on advances that have been made using Distributed Ledger Technologies [DLT]. Recognizing the opportunities for economic growth that this area of the technology industry can provide I have directed that the government move aggressively in this area to ensure that Bermuda and Bermudians can benefit.
“To make this a reality, Bermuda requires a regulatory framework for Distributed Ledger Technologies which will become operational in early 2018 which will regulate the activities of firms, operating in or from Bermuda, that use DLT to store or transmit value belonging to others, such as virtual currency exchanges, coins and securitized tokens."
http://bernews.com/2017/11/video-premier-blockchain-cryptocurrency/
Premier Burt said, “Today I am pleased to update international investors and our local community on the work that the Government of Bermuda is doing in an important area of technological advance that is happening globally.
“There has been a lot of attention and focus globally on advances that have been made using Distributed Ledger Technologies [DLT]. Recognizing the opportunities for economic growth that this area of the technology industry can provide I have directed that the government move aggressively in this area to ensure that Bermuda and Bermudians can benefit.
“To make this a reality, Bermuda requires a regulatory framework for Distributed Ledger Technologies which will become operational in early 2018 which will regulate the activities of firms, operating in or from Bermuda, that use DLT to store or transmit value belonging to others, such as virtual currency exchanges, coins and securitized tokens."
http://bernews.com/2017/11/video-premier-blockchain-cryptocurrency/
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