The Bermuda government approves the first ICO under new rules

The Bermuda government has certified the first ICO according to the new regulation for blockchain and cryptocurrencies. Aaron Wood writes it on Cointelegraph.
The new guidelines require ICO issuers to provide detailed information on “all persons involved with the ICO”.
The issuers must illustrate the project and elements such as market audience, financing system, amount of money, and technical aspects associated with software and blockchain.
The company has developed a decentralized peer-to-peer network “to charge money in the digital economy”.
“Bermuda is known as a financial hub and it is very forward thinking on blockchain and fintech” Oscar Garcia, the company’s CEO, says.