Bermuda and the UK launch Cryptocurrency Task Forces

Following in Bermuda’s and other countries footsteps, Britain has announced its launch of the cryptocurrency task force. This task force is made up of the Bank of England and the Financial Conduct Authority, which will support and regulate the crypto technology.

The Bank of England governor, Mark Carney, believes that everyone should embrace the changes that cryptocurrencies bring instead of trying to resist and ban them altogether. In fact, in his opinion, cryptocurrency should be treated just like any other physical currency.

Moreover, Australia has also begun implementing blockchain technologies since December of last year. There will be a crypto-friendly airport terminal hosted at Brisbane as the first airport ever to be compatible with the crypto technology. Australians have also been able to purchase crypto at newsstands all across the country since March 1 2017[rb1] .

As we move toward the future with cryptocurrency, we see that there is an ongoing effort to embrace it, as displayed in the United States, Bermuda, Japan, China, and many other countries as well.

So, what does that mean for companies that use cryptocurrency as a means of investment? With governments’ involvement in cultivating a crypto-friendly environment, there are signs that cryptocurrency will soon be universally accepted and may become one of the most viable and widely used currencies of the future, even exceeding the use of dollars. This means cryptocurrencies will continue to be valuable and usable, and we expect that their usefulness will continue to grow in the coming years. Therefore, investors through ICOs can be sure that their digital currency can be used widely.

To all the companies building solutions in blockchain and cryptocurrency, this is welcome news since they can expect investment through that system to be viable in the future, especially for startups like Horizon Communications.

Gilbert A Darrell is the Founder of Horizon. He has 18 years experience in information technology and telecom solutions, a veteran in Fire and EMS Services, a crypto enthusiast and a member of the Bermuda Government’s Cryptocurrency Task Force.

Horizon Communications is an upcoming fixed wireless internet service provider looking to provide services in Bermuda, the Caribbean and Central America before expanding internationally. While utilizing 4th generation and soon 5th generation wireless technology, it will also heavily incorporate blockchain and cryptocurrency technology, one of the 1st ISP’s in the world to do so, while launching an Initial Coin Offering (ICO) as a part of their capital raise and blockchain integration. More information can be found on their website — www.HorizonComm.co