Bermuda

Bermuda to Pilot Digital Dollar for Rum Sales

In Bermuda, you may soon be able to use digital dollars to buy rum. Canadian fintech firm Bidali announced Thursday that, with the support of the Bermuda government, it has launched a pilot to test a digital Bermuda dollar. Under the pilot program, popular local rum company Gosling’s Limited will be accepting digital Bermuda dollars […]

News  ·  18 February 2021

Nasdaq, SEC-Registered Fund Manager to Launch First-Ever Crypto ETF in Bermuda

The new ETF product will track an index currently being designed by Nasdaq that will provide broad exposure to the digital asset market.

News  ·  22 September 2020
Anchorage

Proposed Bermuda Bank Taps Anchorage as Digital Asset Custody Partner

Under the partnership, Anchorage will provide crypto custody services to Jewel, which is applying for its full bank license in Bermuda.

News  ·  16 September 2020
Tokenization

Government of Bermuda Pilots Stimulus Token in Response to COVID-19 Crisis

Bermuda is looking to speed up the distribution of financial aid to its citizens and has begun trialing a digital stimulus token.

News  ·  1 September 2020
Identity

Bermuda Starts Development of a Blockchain-Based National ID System

The Atlantic island is rolling out the first phase of a national digital identification system built on blockchain tech.

Policy & regulation  ·  16 October 2019
Stablecoins

Bermuda Now Accepts USDC Crypto for Taxes and Government Services

Bermuda announced Wednesday it will accept payments in the USDC stablecoin "for taxes, fees and other government services."

Markets  ·  16 October 2019
Capital Markets

Crypto Trader XBTOI Wins Bermuda License

Crypto finance solutions may be finding lower regulatory hurdles abroad as one of the most venerable exchanges takes to the islands.

Business  ·  30 July 2019
Exchanges

Circle Moves Exchange Operations Offshore With New Bermuda Office

Circle is moving the majority of its Poloniex exchange operations offshore, citing a "lack of regulatory frameworks" in the U.S.

Policy & regulation  ·  22 July 2019
Exchanges

Ex-Tether Exec Joins Venture Launching Stablecoin Clearinghouse

A former Bitfinex and Tether exec and crypto finance firm XBTO are launching a Bermuda-based clearinghouse for stablecoins.

Business  ·  5 February 2019
Regulation

Bermuda’s Blockchain Strategy Goes Beyond Just Winning New Business

Bermuda's efforts to attract the blockchain industry may have started with regulation, but they won't end there, officials say.

Policy & regulation  ·  9 May 2018
Exchanges

Binance, Bermuda Ink $15 Million Crypto Investment Agreement

Bermuda has signed a Memorandum of Understanding with Binance to develop a global compliance center in the British Overseas Territory.

Policy & regulation  ·  27 April 2018
Regulation

Bermuda Wants Crypto Regulation to Fuel ‘Phenomenal’ Business Growth

The Bermuda Monetary Authority has published a consultation paper that is seeking public feedback on a proposed regulation on cryptocurrencies.

Policy & regulation  ·  13 April 2018
Regulation

Bermuda Drafting ICO-Friendly Legislation to Draw Crypto Businesses

Bermuda is drafting ICO regulation in the hopes of creating a friendly environment for crypto businesses, the island's premier has said.

Policy & regulation  ·  20 March 2018
News

Bermuda Could Launch a Blockchain Land Registry

Bermuda is moving toward setting up a blockchain-based system for recording property deeds, its premier said at Davos this week.

Business  ·  24 January 2018
Regulation

Government of Bermuda Launches Cryptocurrency Task Force

Bermuda has launched a new working group aimed to advance the regulatory and commercial environment for token sales, cryptocurrencies and more.

Policy & regulation  ·  24 November 2017