Announced at Consensus 2018, the partnership builds upon the array of new blockchain and initial coin offering-friendly legislation, which was passed recently and awaits the governor’s signature, by laying the groundwork for a progressive ecosystem rooted in sound Know Your Customer practices, which are seen as a critical ingredient to the industry's continued growth.
“The Government of Bermuda has decided to lead the way and build interoperability into the government legislation [to], in essence, approach regulatory frameworks with exportability in mind,” Premier David Burt explained at the signing of the Memorandum of Understanding.
Plowing Ahead: Bermuda Continues Crypto-Friendly Push With Digital ID Partnership
Bermuda's push to become the next crypto-friendly jurisdiction picked up further steam Tuesday when it partnered with Shyft, a decentralized identity provider, and through an aggressive courting of ICO projects at Consensus 2018
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