, Jewel, on Tuesday, Bermuda is seemingly pressing forward with its plans to build a comprehensive crypto ecosystem.
Next is currently made up of 14 digital asset companies that have been licensed by the Bermuda Monetary Authority , including Apex Group, Bittrex, BlockFi, Circle and the newly licensed Jewel. According to an announcement shared with CoinDesk, the mission of the association is to help shape the British Overseas Territory’s digital asset legislation and support initiatives to enhance its digital asset ecosystem.
“Digital asset companies seek Bermuda's regulatory jurisdiction because of its proven track record where there is a single regulator that does not move the goal post on companies,” said Tim Reed, a member of Next’s co-founder committee, in an email to CoinDesk., on a case-by-case basis, Reed said.
“The BMA was excited about the level of engagement and found the feedback helpful in viewing their policies through a collective business lens,” Reed said.
BermudaPremier iamsandali Isn't it time to need an island called tax heaven? The source of capitalism creating its own contradictions. What will the world, which returned 100 years ago in the Putin War, seek? If you don't pay the taxes properly, the country will be destroyed.
BermudaPremier iamsandali It looks like a good thing, and it looks like digital currencies are slowly becoming official. What does this really mean for all owners of digital currencies?
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