Bloomberg Law
March 31, 2023, 5:32 PM

Bermuda Won’t Shun Crypto Firms Despite Recent Market Turmoil

Allyson Versprille
Allyson Versprille
Bloomberg News

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.

But E. David Burt, Bermuda’s premier and finance minister, said there are still a lot of benefits that can be reaped from digital assets ...

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