1、Blockchain and cryptocurrency regulation 2020, second edition Contents At Carey Olsen, we always look at the bigger picture. In the face of opportunities or challenges, our clients know that the advice and guidance they receive from us will be based on a complete understanding of their goals and obj
2、ectives combined with outstanding client service, technical excellence and commercial insight. B IGGER P ICT UR E Blockchain and cryptocurrency regulation 2019, first edition 1 BermudaBritish Virgin Islands Cayman IslandsGuernsey JerseyOur offices Bermuda blockchain and cryptocurrency regulation 202
3、0, second edition Government attitude and definition The current Bermuda government was elected in 2017 having undertaken to create new economic pillars in Bermuda, identify new opportunities for economic diversification, and seek local and overseas investment to develop new local industry and there
4、by create jobs in Bermuda. Since its election, it has enthusiastically embraced the financial technology (“fintech”) sector and the potential it offers, and has repeatedly expressed its intention for Bermuda to be a significant centre for this industry. In furtherance of this goal, the government ha
5、s implemented a comprehensive regulatory regime aimed at providing legal certainty to industry participants and ensuring that business in the sector conducted in or from Bermuda is done in a properly regulated matter, in accordance with the highest international standards. This regulatory regime is
6、described in more detail below, but, in summary: the Digital Asset Business Act comprises a regulatory framework for fintech businesses operating in or from Bermuda; and although not covered by the Digital Asset Business Act, initial coin and security token offerings are regulated under a separate r