Bermuda Moves Ahead with Introducing ICO-Friendly Regulations ‎

[kreslik.news]

The government of Bermuda, a British overseas territory in the north Atlantic ‎Ocean, is preparing a draft bill to formally legalize initial coin offerings ‎‎(ICOs). The proposed legislative amendments aim to create regulatory clarity for the industry ‎and attract new investment to the island jurisdiction.‎

The Atlantic nation’s House of Assembly is expected to vote on the ‎proposed bill that will adopt a “measured approach”, after which companies ‎will be able to register their ICOs with the government. ‎

The draft law, aiming to regulate the promotion, sale and distribution of crypto fundraising activities also establishes disclosure rules that secure “the rights ... (read more)