National security minister Wayne Caines is promoting Bermuda’s views on regulations for digital assets at a meeting of the Organization of Economic Co-operation and Development.

Mr Caines was invited by the OECD to its headquarters in Paris, France, for its event titled: “Roundtable on Digital Financial Assets: Actions and Approaches”.

He addressed the gathering during the Regulatory Issues and Approaches Session, and was joined by international regulators from groups including Financial Action Task Force, the IMF and governmental, corporate and technology leaders from around the world.

The panel explored key regulatory and policy issues, and actions and approaches currently being adopted at the country and regional level.

It also discussed further possible actions to achieve public policy objectives, including market integrity, consumer protection, privacy, cybersecurity, financial stability, and anti-money laundering or counter-terrorism financing.

Mr Caines said: “Bermuda has captured the attention of global leaders in blockchain technology and the field of fintech because of an innovative raft of legislation that prioritises compliance on multiple dimensions, has a demonstrated history as a consistent and reliable jurisdiction and has led the charge in digital asset legislation.

“I look forward to joining leaders in the field and showcasing Bermuda’s approach to building a framework for this new class of asset with our initial coin offering legislation as well as the Bermuda Digital Asset Business Act.”

• To read Wayne Caines’s presentation, click on the PDF under “Related Media”