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Cryptocurrency agency brokerage to open office in Bermuda

New York-based cryptocurrency agency brokerage Omega One will set up an office in Bermuda, Bloomberg News reported.

Omega One will work with insurers and government to help set up a business to hold and insure virtual currencies on behalf of investors, according to the report.

Bermuda's lower house of parliament has already approved regulations for initial coin offerings and a Digital Asset Business Act has also been introduced.