The crypto market’s recent downturn sent Bitcoin (BTC) trading below $30,000 and Ether (BTC) below $2,000. However, Bermuda remains unfazed by the volatility in digital currency prices and is moving ahead with its plans to establish itself as a major crypto hub.
Aside from its pink sand beaches, Bermuda has long been known as one of the top tax havens in the world. The island territory is now aspiring to be among the top crypto hubs as well and has been actively expanding its crypto sector since 2017, according to Jason Hayward, Bermuda’s minister of economy and labor, Cointelegraph reported.
