Ex-Tether Exec Joins Venture Launching Stablecoin Clearinghouse
A former Bitfinex and Tether exec and crypto finance firm XBTO are launching a Bermuda-based clearinghouse for stablecoins.
The Atlantic island is rolling out the first phase of a national digital identification system built on blockchain tech.
Bermuda announced Wednesday it will accept payments in the USDC stablecoin "for taxes, fees and other government services."
Denis Pitcher, chief fintech advisor to the Premier of Bermuda, talks about the island nation's blockchain plans.
Crypto finance solutions may be finding lower regulatory hurdles abroad as one of the most venerable exchanges takes to the islands.
Circle is moving the majority of its Poloniex exchange operations offshore, citing a "lack of regulatory frameworks" in the U.S.