The Bermuda Monetary Authority (BMA) is seeking the feedback of the island’s citizens on an anti-money laundering law that is aimed at organizing its local cryptocurrency industry.

This comes as a part of the aggressive plan of the government of Bermuda, a British overseas territory in the North Atlantic ocean, to attract the cryptocurrency businesses from all over the world to the island.

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A 150-page long consultation paper titled ‘Regulation of Virtual Currency Businesses’  published by the BMA, the island’s financial services regulator, ... (read more)