Bermuda Looks to Attract Business with New ICO Laws

[kreslik.news]

Bermuda is on its way to becoming the fourth British Overseas Territory to offer progressive and relaxed cryptocurrency regulations.

According to The Royal Gazette, a local new source, Premier David Burt told the island’s House of Assembly that companies that want to run an ICO must provide information on everyone involved in the project as well as a description of the technology used to identify them.

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Additional required information includes technical details of the prospective product/service, the target market and the amount of money that the company wants to raise.

Background

Bermuda is a small island in ... (read more)