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Venus Binance Is Pitching Its Stablecoin as a Government-Friendly Libra Competitor Binance is now positioning its Venus stablecoin project as an alternative to Facebook's Libra, a month after downplaying any suggestions Bermuda gears up for digital currency payments The Royal Gazette:Bermuda Business The opportunity to use digital currency to pay for government taxes, services, and fees in Bermuda is on the way.
In a major announcement David Burt, said the Government has committed to accept digital currency payments, providing they are one-to-one US dollar-backed digital currencies that are licensed by the Bermuda Monetary Authority. The intention is to have the initiative ready by the start of the new year.
He said: "The Bermuda Government has committed to accept for payment of government taxes, fees and services, one-to-one backed US dollar digital currencies that get licensed by the Bermuda Monetary Authority.
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