Cryptocurrency As the biggest global center for the reinsurance industry, with a developed legal and technical infrastructure, Bermuda is a logical place to set up insured custody services, according to Omega One Chief Executive Officer Alex Gordon-Brander. (Photo: Wit Olszewski/Shutterstock)

(Bloomberg) – Omega One, an agency brokerage for cryptocurrencies, will open an office in Bermuda to take advantage of the island's regulations, and work with insurers and the government to help set up a business to securely hold and insure digital currencies on behalf of investors.

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