As the first of its kind, the Treasury has recognized Bermuda’s security token FIRE as a fully legalized digital security. This was announced by the blockchain start-up TribeOS, the publisher of FIRE, at the Bermuda Security Token Summit last week. The advertising company sees in its push the way for successors leveled.

Palm trees, beach, financial transactions – many know the island paradise Bermuda as an international tax haven. Since last year, however, the dwarf state has also become a pioneer in the public acceptance of crypto investments and digital securities. In 2018, the legislature had declared that it wanted to clear the way for companies and investors. After the first Initial Coin Offering (ICO) was carried out in the country last year, the island is now celebrating its second premiere.

As the blockchain start-up TribeOS announced at the Security Token Summit last week, the Treasury Department has blessed its Security Token Offering (STO) as the first of its kind in the world.

The digital security FIRE works…

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Source: https://thebitcoinnews.com/fire-bermudas-first-legal-security-token/