Hashtag: #Cryptocurrency

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

Minister Caines Attends ICT Forum In Trinidad

Minister Caines Attends ICT Forum In Trinidad

This week, Minister of National Security Wayne Caines represented Bermuda at the Commonwealth ICT Forum 18 in Port of Spain, Trinidad and Tobago. “The event, which took place from October 1 – 3, is considered the premier ICT conference of the Commonwealth, where senior policymakers, regulators and industry leaders gather to examine the most... Read more of this article

Forbes: World’s Most Idyllic Blockchain Sandbox

Forbes: World’s Most Idyllic Blockchain Sandbox

In a story entitled “Crypto-Caribbean: The World’s Most Idyllic Blockchain Sandbox,” Forbes has profiled the fintech and digital business initiatives in various islands, including Bermuda. The story said, “The concept of a financial or technology sandbox, popularized over the last decade, is gaining sway around the world, particularly... Read more of this article

BMA: Digital Asset Business Code Of Practice

BMA: Digital Asset Business Code Of Practice

The Bermuda Monetary Authority released the Digital Asset Business Code of Practice 2018 which “provides guidance on the duties, requirements, procedures, standards and sound principles to be observed by persons carrying on Digital Asset Business.” The introduction states, “This Code of Practice is made pursuant to section 6 of the... Read more of this article

BMA: Requirements For Digital Asset Businesses

BMA: Requirements For Digital Asset Businesses

The Bermuda Monetary Authority [BMA] has released an Information Bulletin outlining what documentation is required when submitting an application for a digital asset business [DAB] licence. “The Digital Asset Business Act 2018 [the Act] makes provision for DAB licenses. To supplement the Act, the Digital Asset Business [Cybersecurity] Rules 2018,... Read more of this article

Column: ‘At Beginning Of A Digital Revolution’

Column: ‘At Beginning Of A Digital Revolution’

[Written by Chris Garrod] “Do you accept crypto?” I work in the services industry and it was an email from a client. I immediately responded “no, sorry” as I knew my firm didn’t. But we should. It won’t be very long before the words “Do You Accept Crypto?” will be so common place, they will be as common as, “Do you take cards?”There... Read more of this article

Premier David Burt Addresses OECD In Paris

Premier David Burt Addresses OECD In Paris

Premier and Minister of Finance David Burt is currently in Paris, where he addressed the [Organisation for Economic Co-operation and Development [OECD] Blockchain Policy Forum on “Distributed Ledgers: Opportunities and Challenges”. “The prestigious conference was hosted in Paris by the Director General Angel Gurría and chaired by the Senior... Read more of this article

Minister Caines Attends World Blockchain Forum

Minister Caines Attends World Blockchain Forum

The Minister of National Security Wayne Caines is currently in London attending the World Blockchain Forum. “From September 3 – 5, the conference brings together visionary leaders, economic pioneers and enterprising investors from around the world as they discuss the global financial future at a recognized blockchain industry influencer event,”... Read more of this article