The American financial services provider, Circle established a new subsidiary in Bermuda. As a result, the company wants to offer customers of its crypto-exchange Poloniex outside of the United States to continue Services.
Brigitte Bernhardt
24. July 2019BTC$9.883,00 -1.21%part Facebook Twitter LinkedIn xing mail
In contrast to many other countries, could not keep up with the necessary regulations in the crypto field, have made Bermuda a comprehensive regulatory framework. This is the company said in its Blog on 22. July. This Circle has stressed the attitude of Bermudas Premier E. David Burt. Through its commitment to innovative technologies, not only the financial system in the world. Moreover, billions of people would gain confidence and a share in the economy can have.
Burt’s future-oriented approach makes him in fact an ideal Partner for Circle, was started in 2013, with the Vision that „open cryptographic technologies would replace the closed, proprietary financial systems in the world“. Everyone should get the opportunity to be a business to participate in the fair and inclusive it is.
regulation of crypto-currencies as an opportunity?
Today, Circle is a platform for a wide range of financial services. It is, as before, to offer both private individuals as well as institutions and entrepreneurs products and Services for Trading and Investments. In addition to the Exchange Poloniex also the Payment App Circle Pay was for crypto Fans yet interesting.
in the Meantime, the company has announced that Circle Pay and other financial services in the crypto currency sector to turn to. Accordingly, the focus Circle in the future, to the area of stablecoins. His activities in the United States, Ireland, great Britain and Hong Kong, the company intends to continue to own the information.
crypto-oasis Bermuda
Bermuda has become in the past, many of the block chain, savvy companies have found a new home. Since 2018, the island state is working officially on the regulation of Coins, and Wallets, and shows a positive impact to companies, the Distributed Ledger technologies (DLT) to use. As it became known in October 2018 and that the government has for the first time, certified a ICO in accordance with the new regulations for crypto and Blockchain – companies. An Overview of more crypto-friendly country, there are here.
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