Bermuda confirms crypto hub ambitions despite market downturn
The Bermuda authorities is pushing on with its formidable plans to turn out to be a cryptocurrency hub regardless of the large market downturn in 2022.
The small island territory identified for its pristine pink sand seashores and enticing taxation insurance policies has been actively increasing its crypto sector since 2017, in response to Bermuda’s minister of financial system and labor, Jason Hayward.
He famous on June 3 that the federal government stays unfazed by the current crash attributable to the collapse of the Terra ecosystem in Might, because the market has weathered many storms since 2017.
