Bermuda’s Cautious Blueprint for a Fully Onchain Economy

[nihalsari]

When Bermuda announced its ambition to become the world’s first fully onchain national economy — with support from Circle and Coinbase — expectations leaned toward a sweeping digital overhaul. Instead, the island is taking a measured, regulated path focused on pilots, supervision and transparency rather than mandates or disruption.

Rather than replacing traditional finance overnight, Bermuda plans to test stablecoin-powered payments within controlled environments, expanding only after systems prove secure and efficient. There is no move to make crypto legal tender or eliminate cash and bank transfers. The goal is to position onchain infrastructure as dependable public utility — not ideological revolution — and to scale only when reliability is demonstrated.

[etfs]

everyone expected crypto utopia and bermuda said actually we’re doing paperwork first