October 16, 2019 Bermuda to develop a blockchain-based ID system and accept USDC for tax payments.

The ID project will utilize technologies from Perseid and Shyft Networks with an emphasis on regulatory compliance. The IDs would allow users to share attested data with third parties. Elsewhere, states such as Catalonia and Estonia are also developing decentralized ID systems. Bermuda also announced that it will accept USDC for tax payments, in a partnership with Shyft.