NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Blockchain Firm Shyft Enters Partnership with Bermuda to Build Crypto Regulatory Framework

newsbtc
newsbtc
7 years ago
2 mins read
Bermuda

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bermuda is continuing to make itself known in the cryptocurrency space after signing a Memorandum of Understanding (MOU) with Shyft, a blockchain-based KYC/AML solution that aims to build out the country’s regulatory framework.

Bermuda to Lead the Way

Announced at Consensus, the partnership between the the Government of Bermuda and the Toronto-based digital identity provider, aims to establish Bermuda as the blueprint for leveraging cryptocurrency and blockchain technology. It plans to do this within a regulated progressive framework that emphasises on strong Know-Your-Customer (KYC) and Anti-Money Laundering (AML) compliance.

The Honourable E. David Burt, the Premier of Bermuda, said that Bermuda ‘has decided to lead the way and build interoperability into the government legislation, in essence, approach regulatory frameworks with exportability in mind,’ adding:

“This is our Bermuda jurisdiction as a service, the high level of exportability ‘stack’ that includes technology, regulation, process and protocol that we have built with assistance and commitment of modern companies like Shyft with expertise in handling KYC and Anti-Money Laundering (AML) compliance. As a result, the country is able to accelerate economic growth, create jobs and attract global interest. We’re leading the world in digital assets regulation, there’s no other country that provides comparable certainty and progressive regulatory environment.”

As part of the partnership Shyft has pledged to invest $10 million over three years to support the people and government of Bermuda, create new jobs, help re-skill labour, invest in local businesses, education and infrastructure. The investment will also help repatriate skilled labour back into the country.

In addition to working with the government, Shyft will be collaborating with the necessary oversight agencies to bring about the development and improvement of a robust legal and regulatory framework, and support the training of Bermudians in blockchain technology and software development.

Shyft has also announced a separate MOU with Trunomi, a global data rights company, which was founded in Bermuda. Together the two are planning to leverage Shyft’s blockchain technology with Trunomi’s expertise in consumer consent frameworks to support the nation in its vision by implementing an innovative e-ID (electronic ID) framework.

The issued e-IDs will be globally interoperable, enabling entities to transcend borders and operate globally.

“Shyft has an ambitious objective of building a global digital identity ecosystem that gives all citizens the opportunity to participate,” said Joseph Weinberg, Shyft chair. “We have a goal of leveraging new technology to make positive and inclusive change. We have found a similar intent and aspiration with the Government of Bermuda.”

Featured image from Shutterstock.
Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin najlepšie kryptomeny

Kryptomenový aj akciový trh padá. Využite pokles na lacnejšie investovanie

Kryptotrh od štvrtka stratil takmer 12 % hodnoty po tom, čo prezident Donald Trump odhalil podrobnosti o strategickej Bitcoinovej rezerve....

Nina Šefčíková 4 months ago
จับตา AI Agent บน BNB Chain โอกาสทองหรือแค่กระแส

จับตา! AI Agent บน BNB Chain: โอกาสทองหรือแค่กระแส?

เทคโนโลยี AI กำลังเข้ามามีบทบาทมากขึ้นในโลกคริปโตเคอร์เรนซี และล่าสุด BNB Chain ก็เป็นอีกหนึ่งแพลตฟอร์มที่กำลังเผชิญกับการเปลี่ยนแปลงครั้งใหญ่นี้  หลายโครงการเริ่มผสานรวม AI Agents เข้ามาเพื่อเพิ่มประสิทธิภาพและสร้างนวัตกรรมใหม่ ๆ ในระบบนิเวศ และบทความนี้จะพาคุณไปเจาะลึกถึงกระแสนี้ 1. CZ แห่ง Binance หนุนเต็มที่! ปูทางสู่ยุค...

Nida Saenthaweesuk 5 months ago
OpenAI Announces Deep & Utah Prepares Bitcoin Bill. Can These AI Meme Coins Soar 100x?

OpenAI Announces Deep & Utah Prepares Bitcoin Bill – These AI Meme Coins to Soar 100x

In just 45 days, Utah could become the first US state to roll out a Bitcoin reserve, signaling bullish times...

NewsBTC 5 months ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

fantasy pepe rozgrzewa web3

Fantasy Pepe rozgrzewa Web3. Giełdowa niepewność napędza alternatywy

agnieszkaz 2 months ago
Bitcoin

Google lancia l’allarme: gli hacker nordcoreani hanno preso di mira le aziende crypto europee

Gaia Tommasi 3 months ago
Pepe coin stúpol o 20 %

PEPE za posledný týždeň vzrástol o 20 %. Pozornosť však púta tento AI Pepe meme coin

Nina Šefčíková 3 months ago

Premium Sponsors

Press Releases

  • 米下院がGenius法案を可決、暗号資産市場は4兆ドル間近に — 次なる仮想通貨1000倍の期待銘柄とは

    ...

    3 hours ago
  • Top 5 Cloud Mining Sites in 2025: Best Crypto Platforms for...

    6 hours ago
  • PAXMINING Leads 2025 Bitcoin Mining Surge: Innovative Cloud...

    8 hours ago
  • ミームコイン熱狂の中、最新仮想通貨プレセールが63万ドルを突破

    ...

    10 hours ago
  • XRPが3.4ドルの最高値を突破し、2日間で取引量が約4倍に急増する中で注目される次の仮想通貨おすすめ

    ...

    10 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.