Bermuda To Establish “New Class Of Banks” For FinTech And Blockchain Firms

Blockchain, News, Regulation | July 3, 2018 By:

The government of Bermuda is planning to amend the country’s Banking Act in order to establish a new class of bank that will provide services to blockchain firms.

The upcoming amendments to the Banks and Deposit Companies Act 1999 is part of the government’s mission to put its name on the map as an outlier destination for FinTech innovation.

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