Bermuda’s plans to become a crypto hub remains unaffected by the crypto bear
market. * Bermuda’s Minister of Economy and Labor remains bullish on crypto.
The BMA has not disclosed when it will be getting a full crypto operation license.
Despite the current bear market, Bermuda expressed confidence in its plan to become a cryptocurrency hub. In fact, a large and comprehensive crypto regulation framework is now in the works.
Bermuda’s Minister of Economy and Labor Jason Hayward recently revealed that the tiny island nation famed for its stunning pink sand beaches and favorable tax rules has been aggressively building its crypto industry since 2017.