United States:
"Bermuda Is Quickly Gaining Favor As A Jurisdiction-Of-Choice For Digital Assets"
10 July 2018
Stroock & Stroock & Lavan LLP
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Bermuda, a global financial services center that operates the
largest reinsurance market in the world, is aggressively targeting
the FinTech sector. Bermuda's objective is clear: to
establish the Island as the jurisdiction-of-choice for FinTech
entrepreneurs and its new regulatory framework as the universal
standard for initial coin offerings, digital assets and virtual
currencies. This Stroock Special Bulletin
analyzes Bermuda's new innovative legislation, in particular
the Initial Coin Offering Act and the Digital Asset Business Act,
and forecasts the road ahead for Bermuda's FinTech
initiative.
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