Hashtag: #Cryptocurrency

BMA Advise Of Risks With Initial Coin Offerings

BMA Advise Of Risks With Initial Coin Offerings

Initial Coin Offerings [ICOs] — in which investors use cryptocurrency – are “not subject to prudential regulation” the Bermuda Monetary Authority [BMA] said today, with the BMA urging the “investing public to be prudent and mindful of their accountability for their actions in this increasingly fast-moving and complex... Read more of this article

iCash Blockchain-Based Token To Launch

iCash Blockchain-Based Token To Launch

iCash — a new Ethereum blockchain-based token — will be launching, with the company saying they selected Bermuda as the jurisdiction to set up iCash “because of its business friendly and forward thinking international reputation.” Conyers acted in connection with the formation of iCash Ltd., a Bermuda company, and the development... Read more of this article

Horizon Plans To Offer Internet Service After ICO

Horizon Plans To Offer Internet Service After ICO

Horizon Communications will be offering a cryptocurrency ICO, with an aim to launch fixed wireless internet service in Bermuda in June 2018, with the company describing itself as the “world’s First Telecommunication Company powered by the Ethereum Blockchain.” Horizon Aims To Launch High Speed Internet The company said, “Horizon... Read more of this article

Scooter Mart Accepting Bitcoin Payments

Scooter Mart Accepting Bitcoin Payments

Saying that they believe it will be a very common practice in years to come, Scooter Mart is now accepting digital currency, with the bike dealership accepting Bitcoin [BTC] and Verge [XVG] payments.Nick Thomson from Scooter Mart told Bernews, “Bitcoin is a relatively new form of worldwide digital currency also known as a cryptocurrency. It... Read more of this article

Minister On Government Cryptocurrency Initiative

Minister On Government Cryptocurrency Initiative

Minister of National Security Wayne Caines provided an update on a new Government initiative in the area of Blockchain/Distributed Ledger Technology [DLT]  in the House of Assembly today [Nov 24], saying that they ”are expeditiously developing cryptocurrency rules.” “Bermuda is committed to building upon its position as an innovative... Read more of this article

BDA Partner With Govt To Attract Cryptocurrency

BDA Partner With Govt To Attract Cryptocurrency

The Bermuda Business Development Agency [BDA] said they “will take a lead role in an initiative launched by the Bermuda government to accelerate the establishment and growth of digital currency business on the island.” At a press conference held by Premier David Burt and National Security Minister Wayne Caines, the government announced the... Read more of this article

Blockchain Working Group Members Announced

Blockchain Working Group Members Announced

Earlier today [Nov 22] Premier David Burt held a press conference announcing the Government’s Blockchain Task Force. “The task force will look to advance the regulatory environment and develop Bermuda as a destination for Utility Tokens, Tokenised Securities, Cryptocurrencies, and Coin Offerings,” a spokesperson said. “The task... Read more of this article

Video: Premier On Blockchain & Cryptocurrency

Video: Premier On Blockchain & Cryptocurrency

“Bermuda is a significant option for Blockchain and cryptocurrency related businesses,” Premier and Minister of Finance David Burt said today, adding that due to the “opportunities for economic growth that this area of the technology industry can provide,” the Government is moving “aggressively in this area to ensure that... Read more of this article

First Cryptocurrency Launch In Bermuda

First Cryptocurrency Launch In Bermuda

The crypto-sector is growing, and Conyers said they were “pleased to be involved in the first cryptocurrency launch in Bermuda.” The law firm said that it is expected that more technology-focused deals will take place on the Island in the near-term, especially as the business capabilities made possible by blockchain technology become more... Read more of this article