Bermuda’s Premier Edward Burt visited Washington, D.C., this week to discuss common standards for digital assets with U.S. lawmakers and government officials. During an interview with Bloomberg News, Burt emphasized that Bermuda remains open to accommodating cryptocurrency companies despite the collapse of FTX in the neighboring Bahamas. Burt believes that digital assets and blockchain technology have considerable benefits for the future of finance.
Bermuda is a self-governing territory with a parliamentary government and was one of the first places to implement a regulatory framework for digital assets. According to Burt, 17 licensed crypto firms are currently operating in Bermuda, and the territory is committed to its plans to become a cryptocurrency hub.
