Coinbase recently posted an update on its plan to “go broad and deep,” aka establish bases of operation in jurisdictions that will let it do what American authorities won’t let it do at home.
The recent implosions in the digital asset industry did not faze Bermuda, as it rallies VASPs to set up operations in the country and, at the same time, prepare to launch its first stablecoin.
Getting things together before the end of 2018, the Bermuda Monetary Authority (BMA) was able to release (in pdf) draft legislation of its Code of Practice for Digital Asset Custody for rebiew.
