Prior to engaging Grant Thornton as corporate advisors, the HandsOn Group had been seeking to secure investment through the sale of private equity, in order to form a strategic alliance with a prospective partner.
Interestingly, Bermuda’s government is also one of the few authorities that accept tax payments in crypto, the USDC coin, to be specific.
From data visualisation to artwork inspired by technology, the challenge, supported by KPMG Channel Islands, is searching for the most inspiring and creative pieces of digital design in the island.
But even at that diminutive scale, the project puts the country at the forefront of a global race to create state-backed digital currencies, a goal shared by behemoths like China as well as Caribbean neighbors including Jamaica and Barbados.
In response, the FATF Report Virtual Assets - Red Flag Indiciators of Money Laundering and Terrorist Financing will help national authorities detect whether virtual assets are being used for criminal activity.
The award-winning Analytics solution provides intuitive, real-time intelligence, business and management information, compliance oversight and clear risk indicators via customisable dashboards and visualisations.
“Our ultimate goal is to get a wallet on every phone in Bermuda,” Denis Pitcher, chief fintech advisor to the Premier of Bermuda, told CoinDesk.