Bermuda confirms crypto hub ambitions despite market downturn

Cointelegraph

Published Jun 05, 2022 11:42PM ET

Updated Jun 06, 2022 01:20AM ET

The Bermuda government is pushing on with its ambitious plans to become a cryptocurrency hub despite the massive market downturn in 2022.

The small island territory known for its pristine pink sand beaches and attractive taxation policies has been actively expanding its crypto sector since 2017, according to Bermuda’s minister of economy and labor, Jason Hayward.

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