Hashtag: #Cryptocurrency
Monetary Authority & FSRA Sign MoU
The Bermuda Monetary Authority [BMA] and the Financial Services Regulatory Authority [FSRA] of the Abu Dhabi Global Market [ADGM] announce the signing of a joint Digital Assets Memorandum of Understanding [MoU]. A spokesperson said, “The MoU creates a framework enabling the collaboration between the BMA and the FSRA to support the establishment... Read more of this article
New Partnership For Fintech Training Programme
The Economic Development Department announced a new partnership with Centre for Finance, Technology, and Entrepreneurship [CFTE]. A Government spokesperson said, “In anticipation of the upcoming Fintech Training Programme, the Economic Development Department is pleased to announce a new partnership with CFTE, formally known as the Centre for... Read more of this article
BDA To Host Bermuda Reception In Texas
The Bermuda Business Development Agency [BDA] will host its second Bermuda Reception at Consensus in Austin, Texas. A spokesperson said, “The Bermuda Business Development Agency [BDA] will hold its second Bermuda Reception at Consensus, the world’s largest gathering of digital asset, blockchain and Web3 enthusiasts in Austin, Texas this week.” Kendaree... Read more of this article
AlphaPoint Partners with Bancolombia Subsidiary
AlphaPoint, a leading provider of digital asset infrastructure of exchanges, brokerages, payment networks, and banking, today announced its partnership with Wenia, a subsidiary of Bancolombia, to launch their innovative exchange offering. A spokesperson said, “The application, built on AlphaPoint’s Exchange platform, provides a seamless... Read more of this article
BermudAir Issues $1 Million Bond On Obligate
BermudAir announced it has “completed a $1 million USD tokenised bond issuance, executed via Obligate, the leading on-chain capital markets platform, in partnership with global digital assets and cryptofinance firm XBTO Group [XBTO].” A spokesperson said, “This innovative tokenised transaction is issued on the public blockchain Polygon,... Read more of this article
Minister Hayward On FinTech In Bermuda
Yesterday [May 1] the Minister of Economy and Labour, Jason Hayward, spoke at the International Tech Summit, held from 29 April to 3 May 2024. A Government spokesperson said, “This global digital asset conference brings innovators, leaders, builders, and everyday citizens from around the world to Bermuda. The summit demonstrates blockchain’s... Read more of this article
Carey Olsen Advises XBTO Global On Acquisition
Carey Olsen’s fintech team in Bermuda has advised digital assets and tailored investment solutions group XBTO Global on its dual acquisition of Bermuda licensed digital asset businesses Stablehouse Ltd and XBTO International Ltd. A spokesperson said, “Stablehouse is a digital asset custody and trading platform that helps institutions mitigate... Read more of this article
Premier Burt Attends Annual Satoshi Roundtable
Premier and Minister of Finance David Burt is in Dubai attending the annual Satoshi Roundtable, a “gathering of top digital asset founders, leaders and executives.” A Government spokesperson said, “The Satoshi Roundtable is an invite-only event that has been running yearly since 2014. The Government receives invitations in recognition... Read more of this article
Minister Attends Fintech Conference In Barbados
Minister Jason Hayward attended the second Fintech Islands Experience 2024 [FIX 2024] held in Barbados from January 24th – 26th, 2024. A Government spokesperson said, “Widely attended by entrepreneurs, regulators, lawyers, policymakers, and financial services professionals from various jurisdictions, the conference featured over 125 speakers... Read more of this article
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 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
Steven Davies Included In Top 50 Crypto Pros
Steven Rees Davies, a partner at Carey Olsen Bermuda, earned a spot in Citywealth’s Top 50 Crypto Professionals for 2023. A spokesperson said, “Carey Olsen Bermuda partner Steven Rees Davies is the only Bermuda professional to have been named amongst the Top 50 Crypto Professionals for 2023, as chosen by Citywealth. “The list showcases... Read more of this article
Roundtable Held On Digital Asset Technology
The Ministry of Economy and Labour, specifically the Economic Development Department [EDD], hosted the 2nd Fintech Roundtable of 2023, focusing on discussing strategies for innovation adoption, streamlined processes, and local talent integration in the field of financial technology [Fintech] and digital assets. A Government spokesperson said, “Through... Read more of this article
Carey Olsen Advises Mountain Protocol
Carey Olsen’s corporate team in Bermuda noted that they “successfully advised digital asset business Mountain Protocol on obtaining a digital asset business licence to conduct the business of issuing, selling, or redeeming virtual coins, tokens, or any other form of digital asset and providing custodial wallet services. A spokesperson said,... Read more of this article
Roundtable Held On Advancing FinTech
The Bermuda Government’s Economic Development Department [EDD] led a roundtable discussion on June 27th that brought together industry stakeholders and DABA-licensed companies. A spokesperson said, “This strategic dialogue marks a critical step in the ongoing evolution of Bermuda’s FinTech ecosystem, reinforcing the island’s... Read more of this article
OBA: Use ‘Greater Caution’ With Digital Assets
“It is absolutely crucial for the Premier and Minister of Finance, David Burt, to exercise greater caution when developing the digital asset industry,” Opposition Leader Cole Simons said. Mr. Simons said, “The U.S Security Exchange Commission [SEC] recently took action against Binance and their founder, Changpeng Zhao, filing 13 charges... Read more of this article
