Hashtag: #Finance

Bittrex Global To Cease Operations On Dec 4th

Bittrex Global To Cease Operations On Dec 4th

Cryptocurrency exchange Bittrex Global — which has an office in Bermuda – announced they have decided to cease operations, with all trading activity set to be disabled on Monday, December 4, 2023. A spokesperson said, “It is with great regret that we announce that Bittrex Global has decided to wind down its operations. This decision... Read more of this article

Binance Fined Billions By U.S. Authorities

Binance Fined Billions By U.S. Authorities

Binance founder Changpeng Zhao has agreed to plead guilty and and pay a $50 million fine, and Binance itself also pleaded guilty and agreed to pay $4.3 billion in fines and restitution to the U.S. government. A New York Times story said, “Changpeng Zhao, the founder of Binance, the largest cryptocurrency exchange in the world, pleaded guilty... Read more of this article

Premier Updates On Tax Reform Commission

Premier Updates On Tax Reform Commission

Premier and Minister of Finance David Burt  provided an update on the Tax Reform Commission which “will be empaneled to look at the changes imperative to our existing system of domestic taxation to ensure it is in line with the requirements of the Global Minimum Tax while also examining what other changes to our local taxes are needed to ensure... Read more of this article

‘Provide Basic Banking Services To All Residents’

‘Provide Basic Banking Services To All Residents’

“We will legislate the requirement for licensed banks to have a duty to provide basic banking services to all residents,” Premier David Burt said today. This had been mentioned in the 2023 Throne Speech, which said, “In today’s digital age, the use of a bank account is a basic necessity for Bermudians. During this session, and similar... Read more of this article

‘Women In Finance’ Event Features Dianne Blais

‘Women In Finance’ Event Features Dianne Blais

Members and invited guests of Bermuda’s 100 Women in Finance network gathered for an event hosted and sponsored by Butterfield, featuring Dianne Blais. A spokesperson said, “Members and invited guests from Bermuda’s 100 Women in Finance network gathered for a thought-provoking and enlightening event to explore the distinctive financial challenges... Read more of this article

BMA Launches ‘Smart Investor Campaign’

BMA Launches ‘Smart Investor Campaign’

The Bermuda Monetary Authority [BMA] has launched a week-long online campaign promoting financial literacy and smart investor habits, as part of its participation in World Investor Week 2023. A spokesperson said, “Today, the Bermuda Monetary Authority [BMA] launches a week-long online public education campaign aimed at helping investors protect... Read more of this article

Premier Burt Travels To Europe For Meetings

Premier Burt Travels To Europe For Meetings

The Premier and Minister of Finance David Burt departed for Europe yesterday [Sept 30] where he “will lead a Government delegation and hold a series of meetings with EU officials in Brussels, Paris, and London, including the new Secretary General of the OECD.” A Government spokesperson said, “The Premier first travels to Brussels,... Read more of this article

Minister: 2095 People On Financial Assistance

Minister: 2095 People On Financial Assistance

“During 2022/23 the average number of persons on financial assistance was 2095 persons, compared to 2226 during the previous year,” Minister of Economy and Labour Jason Hayward said in the House of Assembly. He said, “The categories from highest participants to lowest are: pensioners [1023], disabled [758], earnings low [162] and able-bodied... Read more of this article

Ministry: Payroll For Public Officers

Ministry: Payroll For Public Officers

A Government spokesperson this evening [Sept 27] confirmed that “the Ministry of Finance, in conjunction with Ministry and Department Controllers, would ensure payroll for Public Officers is run for both monthly and weekly paid staff.” This advisory follows after the cyber-attack one week ago which caused extensive issues for various Government... Read more of this article

CFA Society To Offer Financial Literacy Series

CFA Society To Offer Financial Literacy Series

CFA Society Bermuda is offering its Financial Literacy Series, in partnership with the Bermuda College’s Athora Division of Professional and Career Education [APACE], beginning on September 20th, 2023. A spokesperson said, “The course will be delivered on Wednesday evenings, over four weeks online via Zoom. “Week 1 builds the foundation... Read more of this article

BEDC To Host ‘Financials 101′ Course

BEDC To Host ‘Financials 101′ Course

The Bermuda Economic Development Corporation [BEDC], in partnership with Abacus, is hosting an eight-week course called “Financials 101.” A spokesperson said, “This course is aimed at helping small and medium-sized business owners get better at handling their finances. The course will run from September 14th to November 2nd and will... Read more of this article

Carla Seely Column: The Graduate

Carla Seely Column: The Graduate

[Written by Carla Seely] Congratulations! Job well done! You finally did it; you finished your university degree and you’re ready to take on the world! Attending university gives you the education and confidence to dream big and believe anything is possible, and it provides you with the platform to launch yourself into a career. So, where do you... Read more of this article

Eight Bermudians Complete FinTech Programme

Eight Bermudians Complete FinTech Programme

Eight Bermudians who participated in the Government’s 6-week global FinTech Education Programme received their certificates of Achievement at a reception held in their honour on August 24th, hosted by the Economic Development Department [EDD]. A spokesperson said, “This ceremony marked the successful culmination of their intensive journey... Read more of this article

Column: Do Executives & HNWs Need A Trust?

Column: Do Executives & HNWs Need A Trust?

[Written by Ashley Fife] In a recent column, I discussed why Bermuda-based executives and other high net worth individuals in particular should consider making a Bermuda will, and what may happen if they do not. I also provided an introduction to estate planning [including formation of trusts] and business succession planning. This column outlines what... Read more of this article

Column: PLP’s Handling Of Bermuda’s Economy

Column: PLP’s Handling Of Bermuda’s Economy

[Opinion column written by PLP Deputy Party Chair Lauren Hayward Bell] In response to the recent Op-Ed by Opposition Senator Douglas DeCouto, I feel compelled to address some of the misconceptions and criticisms he has raised about the Progressive Labour Party [PLP] Government’s handling of Bermuda’s economy and finances. Senator DeCouto... Read more of this article

Seaside Discussion & Networking Breakfast Held

Seaside Discussion & Networking Breakfast Held

The 100 Women of Finance in Bermuda successfully hosted a Seaside Discussion & Networking Breakfast last week, which was an empowering event highlighting women’s achievements in the finance sector. A spokesperson said, “Attendees had the privilege of gaining invaluable insights and experiences from esteemed finance professional, Sinead Donovan. “The... Read more of this article