Premier Burt Leads DC Fintech Week Delegation
Premier David Burt is leading a Bermuda delegation to DC Fintech Week to discuss digital asset regulation and industry growth.
A Government spokesperson said, “The Premier and Minister of Finance, David Burt, is leading a delegation to DC Fintech Week, which takes place from October 13 – 16, 2026, across venues in Washington, DC and Arlington, Virginia.
“Organized by The Fintech Foundation, the conference comes as the United States continues to develop its approach to digital asset regulation, offering Bermuda an opportunity to engage directly with regulators and firms operating in the sector. The delegation will include representatives from the Ministry of Finance and the Bermuda Monetary Authority, with support from the Bermuda Government Office in Washington, DC.
“Bermuda has regulated digital asset businesses under the Digital Asset Business Act since 2018. The visit will include meetings with US regulators and industry representatives as policymakers consider the next phase of digital asset oversight.
“The Premier will participate in a fireside conversation, “Building a Digital Asset Jurisdiction: A Conversation with David Burt, Premier of Bermuda,” moderated by Elad Roisman, Chief Regulatory and Policy Officer and General Counsel at Fireblocks, on October 13 at the World Bank headquarters. The conversation will examine Bermuda’s experience since introducing the Digital Asset Business Act in 2018, the growth of its digital asset sector, and the Government’s efforts to expand the practical use of digital assets across the local economy.
“The Bermuda Monetary Authority will also be represented on the main stage, with Aqsa Zubair, Deputy Director, FinTech Supervision, speaking on the panel “Concentration, Interoperability & the Cross-Border Stress Test.”
“During the visit, the Premier and delegation are scheduled to participate in several meetings with regulators and industry representatives, including Michael Selig, Chairman of the Commodity Futures Trading Commission [CFTC]; and Paul Atkins, Chair of the U.S. Securities and Exchange Commission [SEC].
“Discussions will focus on developments in U.S. regulation, opportunities for continued regulatory engagement, the application of digital assets within Bermuda’s insurance and reinsurance market, and initiatives that support broader adoption on the island.”
Premier Burt said, “Bermuda has always believed that responsible innovation is best achieved through partnership between government, regulators and industry.
“As DC Fintech Week marks its 9th year, it provides an opportunity to share Bermuda’s experience as a digital asset jurisdiction and to learn from developments taking place in other markets. Since 2018, Bermuda has regulated digital asset businesses under a comprehensive statutory regime, and we look forward to continuing those conversations in Washington.”
The Government spokesperson said, “Bermuda’s participation follows a year of continued growth in the island’s digital finance sector. In January 2026, the Government announced its ambition to become the world’s first fully onchain national economy with support from Circle and Coinbase. In May, Bermuda’s Cabinet approved policy proposals that would allow the Government to accept and invest in digital assets, with legislation now being prepared for the House of Assembly. According to the Bermuda Monetary Authority’s 2025 Annual Report, 49 digital asset business providers were operating in Bermuda at the end of 2025, compared with 36 a year earlier.
“As Bermuda continues to expand its role in the digital asset sector, the Government remains focused on ensuring that growth in the industry translates into opportunity for Bermudians through investment, business activity and job creation. The visit to Washington is intended to support that objective while reinforcing Bermuda’s position as a respected and experienced jurisdiction in the sector.”
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“As Bermuda continues to expand its role in the digital asset sector, the Government remains focused on ensuring that growth in the industry translates into opportunity for Bermudians through investment, business activity and job creation.”
Well, that explains the state of Sankofa House (formerly Victoria Hall).
How about some investigative reporting on all these digital companies registered in Bermuda? How many are currently registered, expired, deregistered, in the application process, which ones have legal troubles, etc? How many people are employed by these companies in Bermuda? (sarcasm)
CoPilot from several months ago: Coinbase is currently facing multiple lawsuits related to a significant data breach that exposed sensitive customer information, leading to allegations of negligence and poor security practices.
Background of the Lawsuits
In May 2025, Coinbase disclosed a major data breach that compromised the personal information of nearly 70,000 customers. The breach was reportedly facilitated by cybercriminals who bribed overseas support agents to access sensitive data, including names, Social Security numbers, bank details, and transaction histories. Following this incident, at least six class-action lawsuits were filed against the company, with plaintiffs accusing Coinbase of failing to implement adequate security measures and responding inadequately to the breach.
Legal and Financial Implications
Coinbase estimates that the financial impact of the breach could range between $180 million and $400 million. The company is also facing scrutiny from regulatory bodies, including the SEC, over its handling of user data and disclosures. In response to the breach, Coinbase has offered to reimburse affected customers and provide one year of free credit monitoring and identity protection services.
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Why Circle is Being Sued by a Huge Class-Action Lawsuit Over the Drift Protocol Hack By Aryad Satriawan April 28, 2026 Biztech
For a long time, the decentralised finance (DeFi) ecosystem has followed a rigorous set of rules: code is law, and transactions can’t be changed. But when smart contracts break and nine-figure hacks happen, the victims always go to the centralised organisations that keep the infrastructure running. Circle, the company that issues the USD Coin (USDC) stablecoin, is now at the center of a major legal struggle over its duty of care during one of the biggest hacks of 2026.
A group of angry investors has filed a class-action lawsuit against Circle after the Solana-based trading platform Drift Protocol was hacked for $280 million on April 1. The plaintiffs say that the stablecoin issuer was grossly negligent because they had the technical power to freeze the stolen money yet did nothing while hundreds of millions of dollars were being laundered.
Can I get a Hallelujah for an on-chain / digital asset/ digital economy/ Fintech economy? Let’s make it easier for thieves to steal our money. Hallelujah, brothers and sisters, Hallelujah!