The Bermuda Monetary Authority (BMA) issued full-bank and digital asset business licenses to Jewel, which plans to issue a USD stablecoin and other single fiat currencies.
Philippe Bekhazi of XBTO Group, provides an update on the crypto markets, including whether recent dips in BTC prices indicate a reversal of the bull market, the impact of CBDCs on the crypto market and a developing program in Bermuda to create a stablecoin-based stimulus package.
In this episode, Michael J. Casey and Sheila Warren of the World Economic Forum are joined by the newly reelected Premier of Bermuda, David Burt, who is spearheading projects to use the island as a testing ground for stablecoins and to launch a communally owned national digital bank.