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Bermudian Receives Grant To Attend Consensus

Bermudian Receives Grant To Attend Consensus

Bermudian Waheedah Mahasin Zarif, recently attended the 2019 Consensus Conference in New York, after receiving a grant from the Diversity in Blockchain Program and travel arrangements provided by the Cabinet Office. One of the biggest events of the blockchain calendar, Consensus is the annual gathering of the cryptocurrency and blockchain technology... Read more of this article

Bermuda Spotlights Fintech Innovation In NY

Bermuda Spotlights Fintech Innovation In NY

Bermuda highlighted its regulatory and legal framework for fintech business, as a delegation of government and industry experts returned for a second year to “Blockchain Week” in New York for Consensus 2019. Premier David Burt, accompanied by Finance Minister Curtis Dickinson and Bermuda Business Development Agency CEO Andy Burrows, led a group... Read more of this article

Premier David Burt On Bloomberg Podcast

Premier David Burt On Bloomberg Podcast

Premier David Burt appeared on the Bloomberg Market podcast to discuss the “country’s growing crypto and blockchain business.” The Bloomberg website said, “The Honorable David Burt, Premier of Bermuda, discusses the country’s growing crypto and blockchain business. Dr. Christopher Smart, Head of the Barings Investment Institute, on... Read more of this article

Campbell Joins Bitcarbon & Diamond Standard

Campbell Joins Bitcarbon & Diamond Standard

Bitcarbon Technologies – a new company that has applied for a digital assets business license in Bermuda — announced that it has made its first local hire, with James Campbell joining the company as Chief Financial Officer. He has also taken the role of CFO at Diamond Standard Ltd., a sister company which is building an electronic diamond... Read more of this article

Students Impress At FinTech Challenge Debate

Students Impress At FinTech Challenge Debate

On Saturday, April 13th at the Fairmont Southampton, Dynamic Debaters and Learners and lead supporter HSBC Bermuda hosted the FinTech Challenge Debate, with a debate topic of ‘Be it resolved, Bermuda looks to its FinTech future with optimism.’ In preparation for this debate the students spent four months immersed in the FinTech industry... Read more of this article

Diamond Standard Launch Diamond Commodity

Diamond Standard Launch Diamond Commodity

Diamond Standard has unveiled what they said is the “world’s first fungible diamond commodity product—a universal asset to secure any digital transaction,” and the company said they are “applying to be regulated by the Bermuda Monetary Authority.” “Diamonds are a valuable natural resource, but unusable by institutional... Read more of this article

B3 Future Banking Summit Set To Host Forum

B3 Future Banking Summit Set To Host Forum

B3 Future Banking Summit to getting set to host an industry forum in Bermuda on April 21 and April 22, intended for “innovators, investors, and policy makers leading the transformation of banking and payments with blockchain and digital currencies.” A spokesperson said, “Global leaders at the intersection of banking, payments, and... Read more of this article

Column: Looking At Island’s Digital Asset Plans

Column: Looking At Island’s Digital Asset Plans

[Opinion column written by Chris Garrod] A look into how a 21 sq mile island opened its door to digital asset business It’s called The Digital Asset Business Act 2018, which doesn’t really sound that interesting, I suppose. But, yes, it is. The Act introduced the concept of digital asset businesses setting up and being regulated in Bermuda. Creating... Read more of this article

Velocity Ledger Receives Approval For ICO

Velocity Ledger Receives Approval For ICO

Velocity Ledger Holdings Limited [VLHL] has been approved to conduct an initial coin offering [ICO] by the Ministry of Finance, the company has announced. “VLHL is a Bermuda Company with two subsidiaries for which the ICO will fund operations: VL Financial and Velocity Ledger Technology Limited [VL Tech],” the company said. “VL Financial... Read more of this article

Audio: Premier David Burt On FinTech MOUs

Audio: Premier David Burt On FinTech MOUs

Premier David Burt provided an update on the conversations and developments with four fintech firms the Government signed MOUs with last year; Binance, Omega One, Shyft Network and Medici Ventures. The Premier was speaking during the Premier’s Question Period in the House of Assembly on Friday [March 8], with Premier Burt answering questions from... Read more of this article

BIFF Add Virtual & Augmented Reality Category

BIFF Add Virtual & Augmented Reality Category

The Bermuda International Film Festival [BIFF] and Hub Culture have announced the creation of BIFF Immersive, a new category for virtual reality, augmented reality and gaming as part of the Festival. “BIFF Immersive is presented by Ven, Hub Culture’s global digital currency, with an award of 5,000 Ven for the winning entry in the category,”... Read more of this article

US Banking For Licensed FinTech Companies

US Banking For Licensed FinTech Companies

The Government announced that “Bermuda can now offer an option for US banking services to Bermuda licensed FinTech companies,” as “Signature Bank, a New York-based full-service commercial bank, has agreed to provide a full range of banking services to companies that meet Bermuda and Signature Bank standards.” A Government spokesperson... Read more of this article

Column: Crypto Banks & Digital Transformation

Column: Crypto Banks & Digital Transformation

[Opinion column written by Chris Garrod] Bermuda’s Banks and Deposit Companies Act was amended in August 2018. While the amendment legislation is less than three pages long, the amendments should be far-reaching. Its provisions permit the creation and/or licensing of a new category of Bermuda bank to be regulated by the Island’s primary regulator,... Read more of this article