Bermuda Is Doubling Down on Digital-Asset Industry Amid Downturn

  • Bermuda is betting that its transparent digital-asset regulations will attract more cryptocurrency business amid recent market turmoil, the Wall Street Journal reported on Friday.
  • Bermuda, which has a comprehensive framework regulating cryptocurrency, is doubling down on its understanding of international business and a trained workforce to continue developing its digital-assets industry, the WSJ said.
  • A retreat from risky investments amid rising interest rates and high inflation has seen more than $1 trillion in digital money disappear since November, the WSJ noted.