Bermuda launches strategic partnership with Coinbase and Circle to boost digital economy
The Government of Bermuda announced a strategic partnership with leading global cryptocurrency companies Coinbase and Circle. The goal of the partnership is to integrate digital assets into the country's everyday financial infrastructure, which will accelerate the development of the innovation economy and increase financial inclusion for citizens and businesses.The partnership plans to create a favorable regulatory environment for the introduction of digital currencies and tokenized assets. Special attention is paid to ensuring transparency, security and compliance with international regulatory standards. The use of stable coins, such as Circle's USDC, and integration with the Coinbase platform will allow Bermuda residents and businesses to make fast and secure payments, as well as attract investment from global markets.According to government officials, more than 60% of the country's financial institutions have expressed interest in the new tools, and the expected growth in digital asset transactions could be as high as 30% over the next two years. The collaboration also includes educational programs and technical support for local professionals, helping to build a talent pool in fintech.Bermuda's initiative underscores the country's commitment to becoming one of the world's leaders in the adoption of digital financial technologies and the creation of a modern, sustainable economy based on innovative solutions.
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