Delegates attending the Consensus 2018 conference in New York have lauded Bermuda’s ground-breaking work to regulate the blockchain industry. The three-day event, which wraps up on May 16, has attracted over 8,000 participants from various industries and government entities.
Bermuda’s Premier and Finance Minister David Burt attended the conference along with National Security Minister Wayne Caines and a 20-member delegation of representatives from the Bermuda Monetary Authority (BMA), the Bermuda Business Development Agency (BDA), and corporations, including several Bermuda law firms.
Burt said in a statement:
"It's gratifying to go to an event like the one today when people already know what's going on in Bermuda. People we’ve met want to find out more about what we’re doing, how we’re moving forward. We certainly have a story to tell—and a very good one.”
Burt underscored Bermuda’s quick ascension to a major global hub for fintech enterprises, which the island has achieved through introducing ground-breaking regulation for digital assets.
Don Tapscott, executive director of the Blockchain Research Institute, added:
“The government of Bermuda—all the way up to the Premier himself—is showing remarkable leadership in the blockchain space. Bermuda is attempting to figure out an environment that enables both an innovation economy and entrepreneurship, on the one hand, and protecting the interests of consumers and investors on the other. Our institute intends to collaborate much more closely with Bermuda in the future.”
Sean Moran, head of BDA’s Business Development said:
“I’ve talked to dozens of groups that want to launch their ICOs out of Bermuda; they want to establish service provider companies in Bermuda that would help support the growth of our digital asset industry. Everyone is excited by what they view to be a jurisdiction that would offer a positive and welcoming environment for new businesses in the blockchain space.”
Decred seeks to position itself as dominant coin
Meanwhile, Decred has moved to position itself as one of the dominant digital currencies at the Consensus 2018 conference, with a prediction that its fair market price should jump.
Because of the team’s activity at the conference, the coin rose 11% overnight to $100.07 from low but steady volumes. Decred appears to be on its way to replicate its Bitcoin peak from last spring.
This article appeared first on Cryptovest
