ICO regulations to come up in Bermuda

ICO regulations to come up in Bermuda

David Burt detailed the draft bill before the parliament assembly. He quoted, “Bermuda has an opportunity to become a global leader in the FinTech space by regulating ICOs.” It is said that the issuers of ICOs will have to acquire finance ministry’s permission for conducting the same. Bermuda would not have a new framework for ICOs instead, modify the Companies Act 1981 and the Limited Liability Company Act 2016.

Leave a Reply

Your email address will not be published. Required fields are marked *