Bermuda to Vote on Bill Introducing ICO-Friendly Regulations ‎

[kreslik.news]

The government of Bermuda is preparing a draft bill to formally legalize initial coin offerings ‎‎(ICOs), the premier of the British Overseas Territory said last Friday.

David Burt, who is also Bermuda’s finance minister,  said that his country “has an ‎opportunity to become a global leader in the Fintech space by being ‎one of the first countries in the world to specifically regulate ICOs.”‎

The proposed legislative amendments aim to create regulatory clarity for the industry ‎and attract new investments to the island jurisdiction.‎

The Atlantic nation’s House of Assembly is expected to vote on the ‎proposed bill, which would adopt a “measured approach.” Following ... (read more)