Bermuda Could Emerge as a Crypto Hub, Minister of Economy Says - BitcoinEthereumNews.com
cryptoBermuda Could Emerge as a Crypto Hub, Minister of Economy Says06 / 04 / 2022Balita ng Ethereum ng Bitcoin Jason Hayward – Bermudas Minister of Economy and Labor – believes the island has the ability to turn into a global center of the cryptocurrency industry. On the other hand, the sector should operate under a comprehensive regulatory framework so that investors could have more protection in events like the recent collapse of Luna/UST, the politician added. Cryptos Crash is not a Concern to Bermuda Bermudas Minister of Economy and Labor – Jason Hayward – does not see the recent plunge in the cryptocurrency market as an inherently adverse event. In his view, this could even aid the islands goal to maging a digital asset hub: “We are aware of the recent devaluation in the price of cryptocurrencies and remain confident that it does not threaten the islands ability to become a crypto hub. This industry downturn is likely to advance our goal and positively impact our long-term growth and role in this sector.” Hayward reminded that the authorities of Bermuda started opening their arms to the cryptocurrency space in 2018. The government stood as an advocate of the asset class even during the bear market