Showing 1 Result(s)

Bermuda persists in developing digital-asset industry amid downturn, WSJ says

Bermuda is betting that its transparent digital-asset regulations will attract more cryptocurrency business amid recent market turmoil, the Wall Street Journal reported on Friday. Bermuda, which has a comprehensive framework regulating cryptocurrency, is doubling down on its understanding of international business and a trained workforce to continue developing its digital-assets industry, the WSJ said. Bermuda’s approach comes as some crypto companies say regulatory uncertainty creates a barrier in many places. “We are aware of the recent devaluation in the price …