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Bermuda Reveals Draft Crypto Regulations, Plans to Embrace ICOs

  • Published on: Apr 15, 2018 - 8:54 PM
  • Source: Bitcoin.com

Bermuda Reveals Draft Crypto Regulations, Plans to Embrace ICOsThe Bermuda Monetary Authority has issued a consultation paper on draft regulations pertaining to “virtual currency businesses” and initial coin offerings (ICOs). The proposed bill seeks to create a framework that encourages and fosters the development of Bermuda’s nascent cryptocurrency industry. Also Read: 16 Government-Approved Crypto Exchanges Have Formed Self-Regulatory Group in Japan Bermuda Reveals Regulatory Proposals for Crypto Industry The minister of national security, Wayne Caines, described the proposed regulations a “landmark legislation for Bermuda,” adding that “Th …

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