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Digital Asset Companies Create Industry Group

Digital Asset Companies Create Industry Group

Fourteen digital asset companies licensed by the Bermuda Monetary Authority have created an organisation called NEXT, which has a mission to “support initiatives to enhance Bermuda’s sustainable digital asset ecosystem.” A spokesperson said, “Bermuda’s Premier, the Honorable David Burt, JP, MP, announced during his keynote address... Read more of this article

Column: Banking On Bermuda’s Newest Industry

Column: Banking On Bermuda’s Newest Industry

[Opinion column written by MP Jache Adams] There is a new bank in town for the first time in over two decades! Jewel Bank has received its full bank and digital asset business licenses from the Bermuda Monetary Authority, opening the door for them to service the digital asset industry and will eventually offer retail services for residents of Bermuda. Jewel... Read more of this article

Premier Leads Island Delegation At Consensus

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

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 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

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

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’

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’

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 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 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 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 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