Bermuda launches stimulus token, but no plans for CBDC
Bermuda has launched a digital token to stimulate the local economy following the COVID-19 pandemic.
Latest Bermuda News
Bermuda authorities award a DABA license to XBTOI
Bermuda has licensed the crypto product maker in a step towards becoming a recognized crypto power.
Circle to move its exchange ops to Bermuda
Circle's transition to Bermuda was made possible by the issuance of a Digital Assets Business Act (DABA) license issued to Poloniex from that country.
Bermuda finance ministry gives green light to Velocity Ledger ICO
VHL Financial is currently in the application phase with the Bermuda Monetary Authority, and the goal is to operate a digital asset exchange in the country after the proper licenses are obtained.
QuadrigaCX trader put thousands on exchange hours before shutdown
One man from Toronto was looking to get a good price on his Bitcoin Core. Sadly, he did it at the worst time on the worst site.
Signature Bank brings banking services to Bermuda’s fintech industry
Signature Bank has agreed to provide a full range of banking services to crypto and fintech startups, as well as already existing 66 businesses in the industry.
Bermuda making progress on crypto rules
Getting things together before the end of 2018, the Bermuda Monetary Authority (BMA) was able to release (in pdf) draft legislation of its Code of Practice for Digital Asset Custody for rebiew.
Bermuda wants new class of banks for blockchain, fintech companies
The government of Bermuda is making amendments to its Banking Act, which will pave the way for a new class of banks that will cater fintech and blockchain companies in the British overseas territory.
Bermuda ‘sandbox’ welcomes blockchain and cryptocurrencies next
Blockchain companies can now add Bermuda to their top choices for setting up shop.