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Jobs at BTCManager Don’t miss out on the latest news Get BTCMANAGER delivered right to your inbox A conference that seeks to bring the use of Blockchain technology closer to people, explaining the origin, adoption and potential May 6, 2018 14:30
by Priyeshu Garg Bermuda’s efforts to emerge a hotbed for FinTech innovation and entrepreneurial success continues as the government intensifies policy reforms to make room for an empowered blockchain industry.   The push to embrace the still-nascent industry is being spearheaded by the Bermuda Business Development Agency (BDA) under the guidance of a group of senior ministers including Premier of Bermuda, David Burt, and Minister of National Security, Wayne Caines.

Team Bermuda in New York, from left: Premier David Burt, BDA Emerging Tech consultant John Narraway, National Security Minister Wayne Caines, BDA Head of Business Development Sean Moran source: GlobeNewswire The Bermuda government’s friendly outlook towards cryptocurrency and the technology at its heart – blockchain – was evident when Caines invited a group of blockchain enthusiast to his home turf on the sidelines of the World Economic Forum (Davos, Switzerland) earlier this year. This seemingly small gesture turned out to be a big leap forward as a number of blockchain entrepreneurs accepted Caine’s invite and traveled to Bermuda at their own expense.

They met government officials and industry stakeholders in the North Atlantic island to prepare a roadmap for making Bermuda the world’s first regulated hub for blockchain business and digital assets. Over the course of the next few months, the self-governing island focused on laying the regulatory framework for a blossoming cryptocurrency ecosystem.

Not only that, Premier Burt and National Security Minister Caines both took it upon themselves to address the media briefing about how embracing the digital economy could further boost Bermuda’s growth. “We shared the progress Bermuda is making in our new government’s mission to grow the economy,” said the Premier in one of his interviews.

He added: “We’ve demonstrated that Bermuda is open for business and we’ll continue to spread the message that Bermuda is the ideal place for future economic growth. The island is a place for stable regulation and legislative clarity around these new industries, and we intend on leveraging our legacy of blue-chip innovation to solve new problems in financial markets and digital assets.” Premier Burt’s interviews were aired on Bloomberg’s TV program Bloomberg Markets: The Balance of Power, as well as on P&L with Pimm Fox & Lisa Abramowicz, a national radio program. Read more from btcmanager.com…

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