Burt: Binance Jersey deal is consistent
The Premier said last night that an announcement by cryptocurrency exchange company Binance that it had struck a deal with Jersey was consistent with the firm’s global strategy.
The move came after Bermuda signed a memorandum of understanding with Binance in April with a view to creating a cryptocurrency industry on the island.
David Burt said: “The execution of a memorandum of understanding between Binance and Jersey is consistent with Binance’s stated goals of positioning the company on the global stage.
The Jersey Evening Post reported that the deal could pump millions into the largest of the Channel Islands — the same claim made about Bermuda’s own deal.
Mr Burt said: “As Binance said, ‘We have chosen Jersey to be the next big step in our global expansion strategy’.
“The important thing for Bermuda is that we were the first — others are following our lead.
“The Government of Bermuda continues to work with them to ensure that the undertakings set out in the MOU signed with the Government of Bermuda are fulfilled.
“Bermuda’s lead may well be followed by other jurisdictions and this makes it all the more important for us to continue to provide the sound regulatory and compliance framework in place to stay at the head of these global developments.”
Tennis pro denied posts by overseas coaches
Woman, 64, fights off two handbag snatchers
Ashley’s Lemonade proves a hit in Hamilton
Defendant told police he did not see boat
The secret to 68 years of happy marriage
HSBC introduce chip and pin debit cards
Your money’s not good here – locals only
Builders eye pay rates for trades
Belco ordered to pay back solar users
Caddy Shack Grill opens at Fun Golf
Jones refuses to walk after first-ball duck
Experts: we face hard choices on pensions
Cryptominers dig deeper as bitcoin sinks
Take Our Poll
- "Cup Match 2018 is in the record books. Who is your favourite for MVP?"
- Onias Bascome (StG)
- Chris Douglas (SCC)
- Terryn Fray (SCC)
- Stephen Outerbridge (SCC)
- Dion Stovell (SCC
- Total Votes: 1869
- Poll Archive