RSSCategory: technology

Minister Speaks On Digital Assets In France

Minister Speaks On Digital Assets In France

The Minister of National Security Wayne Caines is currently representing Bermuda at the Organization of Economic Co-operation and Development [OECD] to “share the Bermuda perspective on regulation at a special roundtable on digital assets.” “Minister Caines – who was invited by the OECD to its Paris, France headquarters – addressed... Read more of this article

Dunkley: Arbitrade “Raises More Red Flags”

Dunkley: Arbitrade “Raises More Red Flags”

[Updated] “The announcement by Arbitrade raises more red flags than a hurricane on South Shore,” Shadow Minister Michael Dunkley said following Arbitrade’s press conference in which they made a number of statements. As Bernews reported earlier this week, the start up company held a press conference call and reportedly made a number... Read more of this article

Arbitrade Statements: Building, Donations, More

Arbitrade Statements: Building, Donations, More

During their recent press conference call, Arbitrade — which previously announced its home domicile will be Bermuda — reportedly said they will be “donating $1 million to the Government’s new state-of-the-art co-working space,” made statements about other donations, and said they “recreated a gold standard for the cryptocurrency... Read more of this article

Public Consultation For IRP Proposal Extended

Public Consultation For IRP Proposal Extended

The deadline for public consultation on the Integrated Resource Plan [IRP] Proposal for Bermuda’s future electricity needs has been extended until August 17th. An RA spokesperson said, “The Regulatory Authority of Bermuda has received approval from the Minister of Transport and Regulatory Affairs to extend the deadline for public consultation on... Read more of this article

OBA: New Bank Class Plans Raise “Red Flags”

OBA: New Bank Class Plans Raise “Red Flags”

[Updated] “The Premier’s decision to create a new class of bank in Bermuda raise a series of red flags that should make Mr and Mrs Bermuda extremely concerned,” Opposition Leader Jeanne Atherden said today [July 2], adding that “if not done extremely carefully and transparently it could pose significant reputational damage to Bermuda.” Bill... Read more of this article

Ovis Plans To Establish Presence In Bermuda

Ovis Plans To Establish Presence In Bermuda

Ovis Communications — a cryptocurrency company based in Turkey — is “establishing a presence in Bermuda to further develop its long term growth plans,” the company said. “Last week they submitted an application to the Bermuda Monetary Authority to incorporate an exempted company. Ovis principals Serbulent Arslan and Zubeyir... Read more of this article

Premier: New Class Of Bank For FinTech

Premier: New Class Of Bank For FinTech

“The Banks and Deposit Companies Act 1999 will be amended to allow for a new class of bank that will provide banking services to Bermuda based FinTech companies,” Premier and Minister of Finance David Burt said. Speaking in the House of Assembly today [June 29], the Premier said, “The‘ICO Bill’ and the Digital Asset Business Act,... Read more of this article

KPMG In Bermuda FinTech Summit Poll Results

KPMG In Bermuda FinTech Summit Poll Results

On May 31st, KPMG in Bermuda [KPMG] held their first FinTech Summit, with the full-day session designed to bring together organisations in an effort to provide a better understanding of the fintech landscape including blockchain, realities of automotive regulatory compliance, robotic process automation [RPA] and data analytics. The Summit explored emerging... Read more of this article

Govt, Bitfury To Create Blockchain Land Registry

Govt, Bitfury To Create Blockchain Land Registry

The Government has signed an agreement with the Bitfury Group to “add blockchain technology to the Island’s land-registry system.” “The memorandum of understanding advances Bermuda’s mission to improve government services for citizens by implementing blockchain-based solutions. In late 2017, the Government launched a blockchain... Read more of this article

Premier Burt Meets With ‘Token Communities’

Premier Burt Meets With ‘Token Communities’

Premier and Minister of Finance David Burt welcomed Alex Lightman and Steven Knight of Token Communities of Gibraltar to the Cabinet Office to “discuss opportunities in the Bermuda Fintech space.” Premier Burt tweeted the photos below, saying: “Welcomed Alex Lightman and Steven Knight of Token Communities of Gibraltar to the Cabinet Office... Read more of this article

Graphic Design Show From July 27 To August 21

Graphic Design Show From July 27 To August 21

SJD World is partnering with the Bermuda Society of Arts [BSOA] and Bermuda Blue Printing to put on a Graphic Design Show, with opening night set for Friday, July 27 from 5.00pm to 7.00pm. A spokesperson said, “We have partnered with BSOA and Bermuda Blue Printing to put on a Graphic Design Show on July 27th and we are actively trying to get as many... Read more of this article

Newstead Belmont Hills Now Accepts Bitcoin

Newstead Belmont Hills Now Accepts Bitcoin

Newstead Belmont Hills is now accepting Bitcoin, launching an app-based payment system at its front desk which allows guests to pay with a scan of a unique barcode using the camera on their smartphone. Larry Doyle, owner of Newstead Belmont Hills, said, “We see Bitcoin and other cryptocurrencies becoming another mainstream way that people will... Read more of this article

RA: ‘Smart Meters In Bermuda Considered Safe’

RA: ‘Smart Meters In Bermuda Considered Safe’

The Regulatory Authority of Bermuda released the findings of its independent assessment of BELCO smart meters, saying that the “test results show that smart meters used in Bermuda are considered safe for general population.” “The Authority tested radio frequency [RF] radiation emissions against the standards for Maximum Permissible... Read more of this article