Binance continues international expansion in Bermuda

The digital currency exchange Binance has been seen expanding to the offshore states, and the latest step of this strategy is the new memorandum signed between the Bermuda’s officials and the representatives of the cryptocurrency enterprise.

The Minister of Finance of Bermuda has made it clear that this cooperation would prove fruitful for the country and will additionally create new jobs, at least 70 in total.

In response, the CEO of Binance has stated that Bermuda had demonstrated an enviable prudence and it was a pleasure negotiating with the officials.

The previous step of Binance management in the field of international and external communications policy has led to friendly statements expressed by the Prime Minister of Malta. It is very likely that this exchange is not excluding a scenario in which offshore states become the biggest crypto hubs because of possible future prohibition in today’s financial centers.

Another small state of Gibraltar has demonstrated an example of swift legislative development: its ICO legislation has been implemented exactly as initially planned, with no delays or changes along the way.