Bermuda Now Accepts USDC Crypto for Taxes and Government Services
Bermuda announced Wednesday it will accept payments in the USDC stablecoin "for taxes, fees and other government services."
Under the partnership, Anchorage will provide crypto custody services to Jewel, which is applying for its full bank license in Bermuda.
Bermuda is looking to speed up the distribution of financial aid to its citizens and has begun trialing a digital stimulus token.
The new ETF product will track an index currently being designed by Nasdaq that will provide broad exposure to the digital asset market.
Denis Pitcher, chief fintech advisor to the Premier of Bermuda, talks about the island nation's blockchain plans.
The Atlantic island is rolling out the first phase of a national digital identification system built on blockchain tech.