Hashtag: #Cryptocurrency

BMA Hire Moad Fahmi For Fintech Supervision

BMA Hire Moad Fahmi For Fintech Supervision

The BMA has hired Moad Fahmi as a Senior Advisor, Supervision [Financial Technology], with Mr. Fahmi set to be responsible for the supervision of digital asset businesses. A BMA spokesperson said, “As stated in the Bermuda Monetary Authority’s [BMA] 2018 Business Plan, the BMA is committed to meeting the evolving and complex financial needs... Read more of this article

Investor Sues Esports Gambling Startup Unikrn

Investor Sues Esports Gambling Startup Unikrn

Esports gambling startup Unikrn is being sued by one of its investors, according to a report from ESPN, which states the complainant filed suit “against Unikrn, a Bermuda-registered subsidiary of the company and its founders.” The story said, “Seattle-based esports gambling startup Unikrn, which is backed by the likes of Dallas Mavericks... Read more of this article

OBA: How Many Jobs Will Fintech Firms Create?

OBA: How Many Jobs Will Fintech Firms Create?

[Updated] The Premier “must give details of how many jobs fintech firms that have been incorporated in Bermuda will create” Opposition Leader and Shadow Finance Minister Jeanne Atherden said today. “A report in the New York Times revealed that iCash, a new cryptocurrency, would “have an office and a head of operations in Bermuda, which... Read more of this article

Video: Minister & Richards At Blockchain Futurist

Video: Minister & Richards At Blockchain Futurist

Minister of National Security Wayne Caines and Kevin Richards from the Bermuda Business Development Agency spoke with the Cube’s John Furrier at the Blockchain Futurist Conference, which was held on August 15th and 16th in Toronto, Canada. Minister Caines discussed topics including regulation and the digital asset legislation, while Mr Richards... Read more of this article

64% Believe Virtual Asset Law Will Help Economy

64% Believe Virtual Asset Law Will Help Economy

64% of residents “believe that introducing legislation which will recognise businesses dealing in virtual assets will improve Bermuda’s economic future,” while 16% disagree that virtual currency legislation will yield economic benefits, and 20% are uncertain. This is according to the Bermuda Omnibus quarterly survey of public opinion... Read more of this article

NY Times Highlights Bermuda’s Crypto Efforts

NY Times Highlights Bermuda’s Crypto Efforts

“The race is on to become the go-to destination for cryptocurrency companies that are looking for shelter from regulatory uncertainty in the United States and Asia” and “Bermuda has been a leading player,” according to a story in the New York Times.The story — entitled “Have a Cryptocurrency Company? Bermuda, Malta... Read more of this article

House Passes Bill: New Bank Class For Fintech

House Passes Bill: New Bank Class For Fintech

The House of Assembly passed a Bill to create a new class of bank to serve Bermuda-based Fintech companies. After the Bill passed last night, Premier David Burt tweeted, “House of Assembly passes bill to create new class of bank to serve Bermuda based Fintech companies. Now moves to Senate for ratification.”In tabling the Bill last month,... Read more of this article

List Of Fintech Companies Incorporated In Island

List Of Fintech Companies Incorporated In Island

Premier David Burt provided a list of all the names of Fintech companies which have been incorporated in Bermuda, with the list being provided in response to a Parliamentary Question in the House of Assembly. The question, from Opposition Leader Jeanne Atherden said, “Would the Honourable Minister please provide this Honourable House with the... Read more of this article

Column: Questions, Answers, Arbitrade & More

Column: Questions, Answers, Arbitrade & More

[Opinion column written by Shadow Minister Michael Dunkley] On July 13th, the first session of Premier’s Question time took place. Among other questions asked by others, I posed questions to Premier Burt in regards to Arbitrade. It has been well documented that they are a company which has raised red flags for a number of reasons, notably, a press... Read more of this article

Tech Firm Trunomi Wins Europas Award

Tech Firm Trunomi Wins Europas Award

Bermuda technology firm, Trunomi took home the Europas Award for Hottest Blockchain Identity Project, Perseid. The firm, founded by local CEO Stuart Lacey, has been lauded for its innovative work on Perseid, a consent ID blockchain technology project. The project is named Perseid after the annual meteor shower which includes thousands of individual... Read more of this article

Premier: 19 Fintech Companies Incorporated

Premier: 19 Fintech Companies Incorporated

19 fintech companies have incorporated in Bermuda, 24 others are in the process of incorporation – for a total 43 companies, Premier and Minister of Finance David Burt told the House of Assembly. The Premier was speaking during the ‘Premier’s Question Period,’ which was held for the first time in the House of Assembly on Friday. 90... Read more of this article

Premier On Initial Coin Offering Regulations

Premier On Initial Coin Offering Regulations

“The Initial Coin Offering Regulations that have been published, “Premier and Minister of Finance David Burt said in the House of Assembly today [July 13], explaining that the regulations “clearly define the minimum required information for ICOs” and “outline the compliance measures.” “It is the Government’s... Read more of this article

Arbitrade Now Listed On Registrar of Companies

Arbitrade Now Listed On Registrar of Companies

The Government’s Registrar of Companies Directory now shows a listing for Arbitrade, the start up technology firm which has been in the news lately. The listed company directors are Leonard Schutzman, Lawrence Howard Meyer, Mohammed Amin Markatia, Brent Michael Longnecker, Charles Hamlin Woodworth Jr, Daniel Francis Sweet, Jason Douglas Springett... Read more of this article