Hashtag: #Cryptocurrency
Premier Leads Island Delegation At Consensus
Premier and Minister of Finance David Burt is leading the Bermuda delegation at Consensus 2022, being hosted by CoinDesk in Austin, Texas from today [June 9] to June 12. A Government spokesperson said, “The Premier will be headlining CoinDesk’s Money Reimagine Summit, in a session entitled ‘BUIDL Island: Bermuda’s Digital Asset Strategy’ moderated... Read more of this article
Premier Burt Congratulates Jewel Bank
“A milestone for Bermuda’s Fintech industry” said Premier & Minister of Finance David Burt as he congratulated Jewel Bank following the issuance of their new full banking licence and Class F digital asset business license from the Bermuda Monetary Authority [BMA], noting that it is ”Bermuda’s first new bank in 21 years.” “One... Read more of this article
Jewel Bank Receives Bank & DABA License
Jewel Bank has received approval from the Bermuda Monetary Authority [BMA] for its combined full bank license and digital asset business [DABA] license. The company said, “Jewel Bank is Bermuda’s first new bank in over twenty years and first digital asset bank. Jewel’s services address the core banking, payments, and settlement needs... Read more of this article
WSJ Highlight Bermuda’s Digital Assets Plans
The Wall Street Journal has highlighted the island’s plans regarding digital assets, noting that “the island’s regulators aim to combine their international business expertise and a trained local workforce to become a digital-assets hub.” The story said, “Bermuda, long known for its offshore insurance and reinsurance industry,... Read more of this article
Regulated Crypto-Native Insurance Marketplace
Nayms has ‘graduated’ from the Bermuda Monetary Authority’s [BMA] regulatory sandbox to “become the world’s first, fully regulated crypto-native insurance marketplace,” the BDA announced today. A spokesperson said, “The Bermuda Business Development Agency [BDA] congratulates Nayms for graduating from the Bermuda Monetary... Read more of this article
Report: ‘Crypto Companies Turning To Bermuda’
“As crypto companies face growing scrutiny from policymakers in the US, they are increasingly turning to friendlier and less bureaucratic jurisdictions like Bermuda to grow their businesses and test new products,” according to a report from Bloomberg. The story said, “The self-governing British territory was one of the first places to... Read more of this article
Video: Premier Burt Appears On ‘Crypto Convo’
Bermuda Premier David Burt recently appeared on an episode of Crypto Convo with host Jon Najarian to discuss “how the country is embracing digital banking to enrich Bermuda and its citizens.” The video’s description says, “Bermuda is world-famous for its rigorous regulation. And yet today, Bermuda is a hotbed for emerging digital... Read more of this article
24 Exchange Broker Receives License
24 Exchange announced that its new affiliate, 24 Exchange Broker Limited, has received a license from the Bermuda Monetary Authority [BMA] to begin operating as a digital asset service vendor. A spokesperson said, “This license further cements the 24 Exchange platform at the forefront of seamless exchange trading across a broad range of FX and crypto... Read more of this article
Bittrex Global Launches IEO Platform
Bittrex Global announced the launch of Bittrex Global Starting Block, a “new Initial Exchange Offering [IEO] platform built to support high-caliber cryptocurrency projects looking to partner with an industry leader in security and compliance to take their project to the next level.” A spokesperson said, “As one of the world’s premier... Read more of this article
BlockFi Selects Bermuda For Expansion
BlockFi has announced that the Bermuda Monetary Authority has granted its Bermuda subsidiary, BlockFi International Ltd., a “Class F” Digital Assets Business License. A spokesperson said, “BlockFi, a crypto financial services company, is pleased to announce that the Bermuda Monetary Authority has granted its Bermuda subsidiary, BlockFi... Read more of this article
CrossTower Launches ‘G-Coin Digital Gold’
CrossTower Inc — a crypto and digital asset exchange which has offices in the US, Bermuda, and India — has introduced the G-Coin digital gold token for its U.S. customers. A spokesperson said, ” Unlike cryptocurrencies, the G-Coin token is a digital title of ownership to 99.99% pure physical gold that is stored in secured vaults. All... Read more of this article
Premier On FinTech, Economic Growth, More
“Bermuda is gaining momentum,” said Premier David Burt as he outlined the activity in Bermuda’s fintech sector, with the Government noting that the Premier is in Switzerland this week following an “invitation to attend the Crypto Finance Conference to further promote Bermuda’s digital asset business sector.” The Premier... Read more of this article
Circle CEO Testifies Before US Congress
Circle Co-founder, Chairman, and CEO Jeremy Allaire spoke to the U.S. Congress on how to “advance U.S. policy, regulations and leadership in the emerging digital assets and crypto-economy.” Jeremy Allaire’s written statement: Chairwoman Waters, Ranking Member McHenry and Members of the House Financial Services Committee, thank you... Read more of this article
US Court Orders BitMEX To Pay $100 Million
[Updated] The U.S. CFTC announced that the “U.S. District Court for the Southern District of New York entered a consent order against five companies charged with operating the BitMEX cryptocurrency derivatives trading platform,” with the order requiring the “BitMEX entities to pay a $100 million civil monetary penalty.” The CFTC... Read more of this article
Circle Announces Launch Of Circle Yield
Circle announced the launch of Circle Yield, a “crypto yield and treasury solution for enterprises and corporate treasury leaders.” A spokesperson said, “Circle, a global financial technology firm, today announces the launch of the well regulated crypto yield and treasury solution for enterprises and corporate treasury leaders, Circle... Read more of this article
24 Exchange Wins Bitcoin Pitch Day Contest
24 Exchange Bermuda Ltd won the Pitch Day competition during Whale Day at Bitcoin 2021, billed as the “largest bitcoin conference in history with 12,000 attendees converging on Miami for the showcase event.” A spokesperson said, “24 Exchange was selected as one of 12 finalists from more than 140 applicants as a showcase for the next... Read more of this article
