Crypto News 

Bermuda Seeks Public Feedback on KYC/AML Rules for Crypto Businesses

“This comes as a part of the aggressive plan of the government of Bermuda, a British overseas territory in the North Atlantic ocean, to attract the cryptocurrency businesses from all over the world to the island” reports financemagnates.com. The Bermuda Monetary Authority (BMA) is seeking the feedback of the island’s citizens on an anti-money laundering law that is aimed at organizing its local cryptocurrency industry. Similar steps were taken by territories like Gibraltar and Malta to lure in crypto firms and in each case, this approach was a massive success, as recently we saw an influx of blockchain businesses to Malta.
 
Source: financemagnates.com



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