The Bermuda Monetary Authority has given a license to CoinZoom, a cryptocurrency exchange to operate in the country.
The license, provided under the Digital Asset Business Act permits CoinZoom to operate a trading platform for non-U.S. customers wanting to trade digital assets.
CoinZoom can also offer wallet services and margin trading to its customers in the country.
Todd Crosland, CEO of CoinZoom, said in a statement “Our top priority is to ensure the safety of our customers’ funds and personal information. We’re providing a trusted avenue for both our U.S. and International customers to invest in digital assets, and the Bermuda license allows us to expand our customer reach while remaining fully compliant,” “Being able to work with forward-thinking regulators like BMA is a very positive sign for the future of cryptocurrencies worldwide.”