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Binance, the largest cryptocurrency exchange platform has announced its plans to set up its new global compliance center in Bermuda over the next few months, Premier David Burt has announced.
Changpeng Zhao met the representatives of the Government of Bermuda including Premier David Burt, Premier and Minister of Finance, Hon. E. David Burt, JP, MP regarding the implementation of Digital Assets including cryptocurrency in Bermuda.
Burt announced that a memorandum of understanding has been signed, under which the Binance Charity Foundation will help technical educational initiatives by putting forward about $10 million. An additional $5 million will be invested in blockchain startups.
On top of that, Binance will help the Bermuda government develop a regulatory framework for cryptocurrencies and blockchain, as well as establish a new office in the country. ...
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