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Tag Archives: Bermuda

Bermuda Is Quickly Gaining Favor as a Jurisdiction of Choice for …

Bermuda is well known as a global center for financial services as the island operates the largest reinsurance market in the world. Now, Bermuda is aggressively diving into the fintech sector with two clear objectives: to promote the island as the jurisdiction of choice for fintech entrepreneurs and to establish its new regulatory framework as the universal standard for initial ...

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Bermuda Government to Introduce New Regulations on ICOs, Address ‘Legal Ambiguity’

The Premier and Minister of Finance of Bermuda David Burt introduced new regulations on initial coin offerings (ICOs) speaking before the House of Assembly, the Royal Gazette news reports July 13. The regulatory framework describes minimum required information for ICO projects and establishes compliance measures for companies to conduct an ICO. Addressing the lower house of the Bermudian Parliament, Burt ...

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Bermuda Amends Law to Create Banks That Will Serve Blockchain Companies

For years, blockchain and crypto companies have struggled to access banking services, even a decade after Bitcoin was invented. While cryptos have become especially popular in the last two years, the situation hasn’t changed much around the world. Crypto and blockchain companies have had to turn to banks in smaller countries which have been more welcoming. Countries such as Malta, ...

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Bermuda Amends Banking Act to Favor Blockchain Startups

Bermuda continues its push to become a global hub for blockchain and fintech innovation, having recently announced plans to change its banking laws to create a class of banks catering to blockchain and fintech companies, according to Finextra. The amendment to the country’s Banking Act follows the recent passage of a Digital Asset Business Act and an initial coin offering ...

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Bermuda to Create New Class of Bank for Serving Fintech and Blockchain Companies

The Government of Bermuda has announced plans to make amendments to the Banking Act in order to establish a new class of bank to render services to local fintech and blockchain organizations, Finextra reported July 2. Since local banks have reportedly declined to provide banking services to the new type of companies, being concerned about regulatory issues and potential risks, ...

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Bermuda Signs MOU with Blockchain Project Shyft for $10 Mln in Economic Development

The Government of Bermuda has recently signed a memorandum of understanding (MOU) with Shyft network which provides blockchain-based ID solutions for Know-Your-Customer (KYC) and anti-money laundering (AML) compliant data transfers, Shyft reported in a blog post May 15. NEWS: Shyft Signs MOU With The Government Of Bermuda, Pledges To Invest $10M In Education And Economic Development https://t.co/0YpifGCFpc #consensus #blockchain #bitcoin ...

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Blockchain Firm Shyft Enters Partnership with Bermuda to Build Crypto Regulatory Framework

Bermuda is continuing to make itself known in the cryptocurrency space after signing a Memorandum of Understanding (MOU) with Shyft, a blockchain-based KYC/AML solution that aims to build out the country’s regulatory framework. Bermuda to Lead the Way Announced at Consensus, the partnership between the the Government of Bermuda and the Toronto-based digital identity provider, aims to establish Bermuda as the blueprint for leveraging ...

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Binance Group Plans to Create 40 Jobs in Bermuda – The Merkle

The year 2018 has been pretty positive for the Binance exchange so far. Unlike what most people may have expected, the company is expanding its presence at an accelerated pace. Earlier this week, the company signed a Memorandum of Understanding with Bermuda’s Premier and Minister of Finance.  Another Notch in the Belt of Binance It appears there is no company ...

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Cryptocurrency Exchange Binance Inks $15 Million Investment Pact with Bermuda

Join our community of 10 000 traders on Hacked.com for just $39 per month. Reports have confirmed that Bermuda’s Premier and Minister of Finance, David Burt has signed a memorandum of understanding (MOU) with Binance Group, the operator of the world’s largest cryptocurrency exchange. During a trip to Bermuda, Binance founder and CEO Changpeng Zhao met with David Burt to ...

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