Prime Minister of Bermuda: The government should hand over the development of stable coins to private companies and only play a regulatory role

According to The Moguldom Nation, Bermuda Prime Minister E. David Burt said at the BermudaTech Summit that Bermuda is seeking to use digital currency, and the government can benefit from it because it can be effectively applied to taxation and increase corporate transparency. Burt added that regulated stable coins can be used to pay for goods, services and taxes. The government should hand over the development of stable coins to private companies and only play a regulatory role.