Bermuda Premier: Bermuda Wants to be the Hub of the Global Stablecoin Market

Digital assets are the future, Bermuda Premier David Burt said during the Consensus 2022 conference. He’s not worried about his country being shut out by jurisdictions like the EU. "What Bermuda wants to be is the hub of the global stablecoin market, where it is issued under a regulated environment so investors and citizens can have confidence." he said. Last week, it was announced that Bermuda had issued its first digital asset banking license to locally-based institution Jewel Bank.