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Bermuda Becomes First Gov’t to Accept Tax Payments in USDC Stablecoin

Global financial services company Circle announced that Bermuda became the first government to accept its stablecoin USD Coin (USDC) for tax payments.Part of a broader government initiative to embrace stablecoinsAccording to a press release shared with CryptoX on Oct. 16, this development is part of a broader initiative, which

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SEC Commissioner Peirce: The U.S. Should Learn from Bermuda About Crypto Regulation

One of the present commissioners of the U.S. Securities and Exchange Commission (SEC) made the conjecture that the U.S. should learn from other countries regarding cryptocurrency regulation during a convergence forum held by Singapore University of Social Sciences.Commissioner Hester Peirce, in some circles known as the ‘Crypto Mom,’ explained that

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Circle Expands to Bermuda, Praises Pro-Crypto Island Government

Circle announced today that it will be expanding its regulated services to Bermuda, using its new position in the island nation to service its global audience. Circle cited Bermuda’s pro-crypto regulatory environment as a primary motivation for expanding to the island nation. According to the announcement:“While many governments around the

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Velocity Ledger Technology Launches Testnet and Blockchain API in Bermuda

Bermuda-based fintech firm Velocity Ledger Technology (VLT) has launched a testnet and blockchain API for trading digital assets in Bermuda, according to a press release shared with CryptoX on May 28.VLT is reportedly letting users develop digital asset applications with their blockchain viewer and web portal, if they are

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QuadrigaCX Would Never Have Lost Crypto Keys Had It Been in Bermuda, Says Premier

The Premier of Bermuda, David Burt, has argued that a QuadrigaCX-like situation could not have happened in Bermuda because of the country’s existing legislation in regard to cryptocurrencies. Burt made his statements in an interview on Fortune’s “Balancing the Ledger” show on March 25.Burt delivered his comments following QuadrigaCX’

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