Hashtag: #Cryptocurrency

Bittreo Plan To ‘Move Operations’ to Bermuda

Bittreo Plan To ‘Move Operations’ to Bermuda

Premier David Burt welcomed Malcolm Weed and Yum Kasukawa of digital asset company Bittreo to the Cabinet Office to “hear their plans to move their operations to Bermuda.” Premier Burt tweeted the photos below, saying: “Yesterday I welcomed Malcolm Weed and Yum Kasukawa, co-founders of Bittreo to the Cabinet Office to hear their plans... Read more of this article

Arbitrade Takes Alleged CyberStalker To Court

Arbitrade Takes Alleged CyberStalker To Court

[Updated] People involved with the Arbitrade company have filed legal action against Ronnie Moas, seeking an injunction requiring him to “refrain immediately from stalking, cyberstalking, harassing, and threatening Plaintiffs through verbal, written, and electronic communications.” Mr Moas, the founder of Standpoint Research, was previously... Read more of this article

Column: Bermuda & Digital Assets A Busy 2018

Column: Bermuda & Digital Assets A Busy 2018

[Opinion column written by Chris Garrod] The beginning Looking at it from a Fintech perspective, 2018 was both a formative and busy year for Bermuda. It primarily started back in January, 2018. The Premier and his Minister, Wayne Caines, along with representatives from the Bermuda Business Development Agency attended the annual World Economic Forum... Read more of this article

Report: Facebook Working On Cryptocurrency

Report: Facebook Working On Cryptocurrency

Facebook is reportedly working on making a cryptocurrency that will let users transfer money on its WhatsApp messaging app, focusing first on the remittances market in India, according to a report from Bloomberg. The story said, “The company is developing a stablecoin — a type of digital currency pegged to the U.S. dollar — to minimize... Read more of this article

Column: ‘Time To Come Clean’ On Arbitrade

Column: ‘Time To Come Clean’ On Arbitrade

[Opinion column written by Michael Dunkley] After the Premier’s Question period last Friday in Parliament, Premier David Burt was forced to take the seldom used “Personal Explanation” period during the next sitting on Monday to correct a misleading answer to a question I put to him. Last Friday during the question period I asked Premier Burt what... Read more of this article

BMA: Digital Asset Custody Code Of Practice

BMA: Digital Asset Custody Code Of Practice

The Bermuda Monetary Authority has released a draft Code of Practice for Digital Asset Custody [the Code] for consultation that “prescribes measures to ensure a high level of care when safeguarding client’s assets.” A spokesperson said, “The Digital Asset Business Act 2018 [the Act] makes provision for Digital Asset Business licences... Read more of this article

100 Women In Finance: Let’s Talk Digital Assets

100 Women In Finance: Let’s Talk Digital Assets

Approximately 50 corporate professionals attended the recent 100 Women in Finance [100WF] “Let’s Talk Digital Assets” event, sponsored by EY Bermuda. The event, which took place on November 29, 2018, brought together thought leaders and experts to discuss important topics such as the practical applications of virtual currencies and digital tokens. Lynesha... Read more of this article

Arbitrade: ‘We Received Title To Gold Bullion’

Arbitrade: ‘We Received Title To Gold Bullion’

[Updated] According to the latest statement from Arbitrade, they have received title to gold bullion “with a current market value in excess of $10 billion.” This follows after the company announced last month that they have “completed the acquisition of the Victoria Hall Building” which “will serve as Arbitrade Ltd. Bermuda World Headquarters.” The... Read more of this article

ACAMS Virtual Currencies Digital Assets Seminar

ACAMS Virtual Currencies Digital Assets Seminar

The Minister of National Security Wayne Caines was invited to give the keynote address at the ACAMS Virtual Currencies/Digital Assets and Beyond for Compliance Professionals seminar held yesterday [Oct 25] at Rosewood Bermuda. Minister Wayne Caines with representatives from ACAMS Virtual Currencies/Digital Assets and Beyond for Compliance Professionals... Read more of this article

Minister: Systematic Approach To Fintech Growth

Minister: Systematic Approach To Fintech Growth

38 companies have incorporated in Bermuda and approximately 50 more companies “are in the pipeline,” Minister of National Security Wayne Caines said, adding that while people may want the fintech plans to “happen overnight,” they cannot as there are steps to be taken, however the government is using a “systematic approach”... Read more of this article

Video: Nasdaq Interviews Premier David Burt

Video: Nasdaq Interviews Premier David Burt

“We will continue to build on that legacy of having an excellent reputation, but also making sure that we can be a centre of innovation,” Premier and Minister of Finance David Burt said during a recent interview with Nasdaq. Asked how the fintech plans plays into the future of Bermuda, Premier Burt said, “I would say that it plays... Read more of this article

Scott: Where Are Fintech Jobs & Opportunities?

Scott: Where Are Fintech Jobs & Opportunities?

The America’s Cup ”brought employment opportunities and significant economic benefits to Bermuda,” OBA Deputy Leader Leah Scott today, before asking “where are the jobs and economic opportunities” from Fintech. She went on to suggest that “Bermuda should request that the Government produce a preliminary economic... Read more of this article

Smith Appointed To Govt FinTech Business Unit

Smith Appointed To Govt FinTech Business Unit

Wayne Smith has been seconded from the Bermuda Post Office for a period of 12 months to head the Ministry’s Fintech Business Unit, where he will “manage and oversee the Ministry’s rapidly expanding fintech initiatives.” “The public should be aware that local and global interest in the Government’s Fintech Strategy has grown considerably... Read more of this article