Bermuda authorities announced on October 18 (local time) that they have approved the ICO for US pin-tec company Uulala. This is the first time the Bermuda authorities have approved the ICO. In addition to Malta, Bermuda will also be interested in building its position as a major investment destination for passwords and block chains.
Yurala provides a tool that allows users who do not have an account at the bank to easily access financial services. The project aims to raise $ 50 million through ICO. The ICO was approved under the new regulations released earlier this year by Bermuda authorities. Yurala expressed satisfaction that Bermuda is an attractive place for ICO.