Bermuda Welcomes More Crypto Firms Despite Recent Industry Turmoil
- Island territory’s premier says ‘future of finance is digital’
- Burt says regulators around the globe should work together
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Bermuda still has its welcome mat out for crypto businesses despite the industry’s recent turmoil, the head of the British island territory’s government said.
The digital-asset market has faced one problem after another following the collapse of several companies last year, including Sam Bankman-Fried’s FTX, which is now at the center of one the highest-profile corporate crime cases in US history. US agencies have ramped up enforcement efforts amid calls for a crackdown.