Government of Bermuda Launches Cryptocurrency Task Force
From Coindesk
The government of Bermuda has launched a blockchain task force to foster cryptocurrency commerce in the British overseas territory.Read more:Announced by by the island's premier, David Burt, and national security minister, Wayne Caines, during a press conference on Wednesday, the new working group has been set up to advance Bermuda's regulatory environment for tokens, "tokenised securities," cryptocurrencies and initial coin offerings (ICOs).
The task force comprises two groups – the Blockchain Legal and Regulatory Working Group, and the Blockchain Business Development Working Group – which will work to assist development of the technology, a press release states.
John Narroway, chair of the Blockchain Business Development Working Group, said:
"There are significant opportunities in the sphere of cryptocurrency, but that window is getting smaller and moving faster than ever before."
Will this lead towards Bermuda becoming the offshore hotspot for ICOs? Cayman Islands what's your move going to be?
Leave your thoughts in the comments below.
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We can learn a lot from observing the regulatory actions of these governments when it comes to cryptocurrencies. Great article @contentjunkie
good joob
https://steemit.com/bitcoin/@xsid/the-problem-of-cryptocurrency-and-taxation
3 types of countries in the future. Those who embrace cryptocurrency, those who resist it, and those who are indifferent. The number who currently embrace cryptocurrencies are small in number but the groupo is growing.
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