Bermuda is betting that its transparent digital-asset regulations will attract more cryptocurrency business amid recent market turmoil, theBermuda, which has a comprehensive framework regulating cryptocurrency, is doubling down on its understanding of international business and a trained workforce to continue developing its digital-assets industry, the WSJ said. Bermuda’s approach comes as some crypto companies say regulatory uncertainty creates a barrier in many places.
“We are aware of the recent devaluation in the price of cryptocurrencies and remain confident that it does not threaten the island’s ability to become a crypto hub,” Jason Hayward, Bermuda’s minister of economy and labor, told the WSJ. “This industry downturn is likely to advance our goal and positively impact our long-term growth and role in this sector.”
A retreat from risky investments amid rising interest rates and high inflation has seen more than $1 trillion in digital money disappear since November, the
Source: News Formal (newsformal.com)
Repost?
Will the assets disappear tho
Of course they are!! It’s part of a natural adoption cycle in an emerging technology as controversial as the decentralisation of money and the web, and maybe even decentralised economic models in the near future
check 20000% 0xc19bc8d028839313b0f9c213eb33e11e2f0e98cc
I mean ofc they will how else will they entice people to get lost in their triangle 😂