Bermuda amends banking act to favor blockchain startups

posted 3 months ago
The Government of Bermuda is amending the Banking Act to create a new class of bank specifically to cater to local fintech and blockchain companies.

Bermuda premier and minister of finance David Burt said:
“The fintech industry’s success globally depends on the ability of the businesses operating in this space to enjoy the necessary banking services."
Tags: blockchain, bitcoin, news