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Carey Olsen Advises Mountain Protocol

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

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

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

U.S. SEC Charges Binance & Coinbase

U.S. SEC Charges Binance & Coinbase

[Updated] The United States Securities and Exchange Commission [SEC] has filed charges against two of the most prominent crypto companies in the world, with today’s charges against Coinbase following after the charges it filed against Binance yesterday. Coinbase A statement from the SEC about the Coinbase matter said, “The Securities and... Read more of this article

STS Digital Receives Bermuda License

STS Digital Receives Bermuda License

STS Digital Ltd, a provider of digital asset trading solutions, said they have “obtained a license to offer its services in Bermuda.” A spokesperson said, “The license enables STS Digital to provide digital services to institutional and high net worth clients in Bermuda and around the world. “The Class T Digital Assets Business... Read more of this article

Video: Premier Burt Interviewed At Consensus

Video: Premier Burt Interviewed At Consensus

Premier David Burt was interviewed by Coindesk at the Consensus 2023 event, where he discussed Bermuda’s regulatory approach, the collapse of Bahamas-registered FTX and more. The video’s description says, “Bermuda Premier David Burt joins ‘The Hash’ live from Consensus 2023 to discuss his reaction to the FTX collapse and... Read more of this article

Govt Thanks Denis Pitcher For Contributions

Govt Thanks Denis Pitcher For Contributions

The Government advised of the “departure of Mr. Denis Pitcher,” who they said “has served as an unpaid consultant for the Economic Development Department.” A Government spokesperson said, “Mr. Pitcher played a pivotal role in establishing the Fintech Unit, driving the growth of Bermuda’s fintech ecosystem, mentoring Bermudians... Read more of this article

Coinbase Granted Digital Asset Licence

Coinbase Granted Digital Asset Licence

Coinbase Bermuda has obtained a license from the Bermuda Monetary Authority [BMA]. An update on the company’s website said, “Coinbase Bermuda Ltd. has obtained a Class F License under the Digital Asset Business Act from the Bermuda Monetary Authority [BMA]. Bermuda was one of the first financial centers to pass comprehensive digital assets... Read more of this article

Bittrex Closed US Operations On April 30

Bittrex Closed US Operations On April 30

Bittrex has announced it closed down its US operations effective April 30, noting that “this announcement does not impact Bittrex Global, which will continue operations as normal for its customers outside the U.S.” Bittrex co-founder and CEO Richie Lai said, “As a direct result of continued regulatory uncertainty and a lack of interest... Read more of this article

OBA Leader On Signature Bank, Fintech & More

OBA Leader On Signature Bank, Fintech & More

[Updated] Following the closure of U.S based Signature Bank by New York regulators, Opposition Leader Cole Simons noted that in 2019 the Government “unveiled its relationship with Signature Bank as a banking service solution for Bermuda‘s fintech companies” and asked “now that this banking option is off the table, what’s next for... Read more of this article

Bittrex Global Lists Fintech Firm Circle’s EUROC

Bittrex Global Lists Fintech Firm Circle’s EUROC

Bittrex Global announced the “strategic integration of Euro Coin [EUROC], issued by fintech firm Circle,”; both firms have a Bermuda prescence. A spokesperson said, “Bittrex Global, one of the most secure digital asset exchanges, has today announced the strategic integration of Euro Coin [EUROC], issued by global fintech firm Circle.... Read more of this article

24 Exchange Sets Record FX NDF Trade Volume

24 Exchange Sets Record FX NDF Trade Volume

24 Exchange announced that it “has set a record for average daily FX NDF trading volume in February 2023.” A spokesperson said, “The company processed $1.49 Billion in average daily FX NDF trading volume for its global institutional customers over the course of the month, and reached a daily record FX NDF trading volume of $1.89 Billion.” 24... Read more of this article

“Relm Is Committed To The Digital Asset Space”

“Relm Is Committed To The Digital Asset Space”

Following a detailed review of Relm’s entire portfolio, Relm CEO Joseph Ziolkowski said it remains “confident that we will continue to be well-capitalized to serve the needs of the industry as the fallout from this event evolves.” Mr. Ziolkowski said, “Relm is a global leader in providing insurance to companies operating in new... Read more of this article