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Bermuda Remains Committed to Crypto Despite FTX Collapse
Bermuda's Premier and Finance Minister, Edward Burt, stated that despite the collapse of crypto exchange FTX in nearby Bahamas, Bermuda will continue to accommodate digital asset and blockchain technology companies due to the benefits they offer. The territory, which implemented a regulatory framework for digital assets, recently released its first stablecoin powered by the Polygon blockchain.
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Crypto Exchange CoinZoom Receives License to Operate in Bermuda
The license will enable CoinZoom’s mission to mainstream digital asset investing and trading.
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Bermuda’s Jewel Bank Receives Regulatory Approval to Run as Digital Asset Bank
Jewel Bank announces that it acquire licenses from a local regulator to become the first digital asset bank in the island nation.
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Crypto Tax Payments Permitted in Bermuda
Bermuda has started accepting tax payments using Circle's stablecoin known as USD Coin (USDC).