Virtual currency, initial coin offerings, and blockchain are at
the forefront of the newest emerging financial industry: Fintech.
As jurisdictions grapple with the optimal way to regulate Fintech
activity, many developers and innovators are eagerly seeking
jurisdictions in which they can operate efficiently and legally
under a stable regulatory regime. With its size and ample industry
expertise, Bermuda is uniquely positioned to spearhead the
implementation of a regulatory structure that effectively balances
the innovative drive of the Fintech industry and compliance with
prudential international legal and regulatory standards. To this
end, with the cooperation of industry stakeholders, the Government
of Bermuda has announced various developments as Bermuda quickly
becomes the global leader in the Fintech industry.
