The Bermuda Government Is Pushing on With Its Ambitious Cryptocurrency Plans

The Bermuda government is pushing on with its ambitious cryptocurrency plans. “We are aware of the recent devaluation in the price of cryptocurrencies and remain confident that it does not threaten the island’s ability to become a crypto hub,” said Bermuda’s minister of economy and labor, Jason Hayward. He noted on June 3 that the government remains unfazed by the recent crash caused by the collapse of the Terra ecosystem in May, as the market has weathered many storms since 2017.