- MPs locked horns in the House of Assembly on Friday, May 4, 2018 on the issue of digital currency. Opposition MP Michael Dunkley told MPs that the Government’s first agreements in the new emerging industry failed “the initial test of scrutiny”. One Bermuda Alliance MPs expressed concern that the Progressive Labour Party Government was “way too cosy” with the stakeholders in digital currency. The following is the full statement made by former Premier and OBA MP Michael Dunkley.
Over the past week we have seen the passage of the “Companies and Limited Liability Company (Initial Coin Offering) Amendment 2018”, full of last minute amendments that the Opposition had little time to vet, two announcements about MOU’s, yesterday [Thursday, May 3, 2018] the news that Bitt will advise on digital currency and the Ministerial statement today [Friday, May 4, 2018] by the Hon. Premier.