Bermuda has sort to position itself within the cryptocurrency space as it is in a stage of completing a draft of what would soon become cryptocurrency regulations. The Bermudan Government believes that cryptocurrency is the future of exchange. In a statement, The minister of national security, Wayne Caines, described the proposed regulations a
“landmark legislation for Bermuda,” adding that “The emergence of new financial products and services created through the use of technology has opened new and exciting opportunities for entrepreneurs and businesses.”
On Thursday, Mr Caines presented “Bermuda’s fintech strategy” to “more than 150 of Bermuda’s key business partners.” Mr Caines stated that the government “recognize[s] that there’s significant interest in virtual currencies and blockchain technology,” emphasizing Bermuda’s desire to “become a global leader in the fintech space.”
Although the Bermudan Government does not regard cryptocurrency as a legal tender, however The consultation paper defines “virtual currency [as] a digital representation of value that can be digitally traded,” adding that “such does not have legal tender status […] in any jurisdiction,” however, fulfills monetary “functions only by agreement within the community of users of the virtual currency.”
Crypto YouTuber, Crypto Banter Asks his followers to take up McDonald Jobs
Cardano Founder Says Ethereum Will Flip Bitcoin
Rwanda to Begin Feasibility Studies on CBDC
Opposition Party Deputy Files Lawsuit against El Salvador’s Bitcoin Law
Bitcoin Can become Digital Gold – Mexico’s third Richest Man
Microstrategy Adds Fresh 13,005 Bitcoins to its Holdings
Point 72 CEO Says He’s Ready to Go all in to Crypto
UK Banks Place Ban on Crypto Purchases from Kraken and Binance
World Bank Refuse to Offer Help to El Salvador Per Bitcoin move
Watch the Latest Edition of Inside Blockchain – 29th Nov. 2020
Crypto Roast is LIVE – 27th Nov. 2020
AMA Series with Beam CTO & Tech Lead, Alex Romanov
Keep it Locked on to Cryptotvplus
Inside Blockchain | 16.11.2020
Inside Blockchain: WHY YOU SHOULD BECOME A BLOCKCHAIN DEVELOPER
How Blockchain Technology Can Transform Governance In Africa
The Chances of BTC Dropping to 40k Is Slim – Prateek Suri
The founder and Chief Executive Officer of the Maser group, Prateek Suri joined Tony Obiajuru this morning, 15th March, 2021...
Binance Smart Chain; CeFi or DeFi?
The controversy around whether or not the Binance Smart Chain is centralized or decentralized was cleared on the Inside Blockchain...
How Earnathon is Making Crypto Adoption Easier
Earnathon is making cryptocurrency education and adoption easier with its unique learn and earn platform. It’s no news that the...
NaijaCrypto CEO Says CBN Cannot Ban Cryptocurrency Trading
The Chief Executive Officer of NaijaCrypto, Chiagozie Iwu has said on the Inside Blockchain Show powered by CryptoTVPlus that the...
Chiji14Exchange CEO Says Now is the Time for Everyone to Get Involved
The Chief Executive Officer of renowned Nigerian cryptocurrency Exchange; Chiji14Exchange, Mr. Chijioke John has stated on the Inside Blockchain Show...