Government of Bermuda Adopts Crypto Friendly Approach

Government of Bermuda Adopts Crypto Friendly Approach

The government of Bermuda has adopted a crypto-friendly approach because of which it will start accepting tax payments in digital currencies. The government will now start collecting tax payments in USD Coin (USDC), a US-dollar backed digital coin. Bermuda has become the first country to start accepting tax payments in USDC.