Hashtag: #Cryptocurrency

Bittrex Global Launches Tokenized Stock Trading

Bittrex Global Launches Tokenized Stock Trading

Bittrex Global [Bermuda] Ltd. announced that “it will be listing tokenized stocks on its digital asset exchange in cooperation with DigitalAssets.AG.” A spokesperson said, “This product will allow traders and investors direct access to listed companies without having to use an external broker or pay additional fees. Shares can be purchased... Read more of this article

Bittrex Global Appoint Jeff Baron As CCO

Bittrex Global Appoint Jeff Baron As CCO

Bittrex Global [Bermuda] Ltd announced the appointment of Jeff Baron, who is a former Senator and National Security Minister, to the role of Chief Compliance Officer A spokesperson said, “Bittrex Global [Bermuda] Ltd. has announced the appointment of Jeffrey Baron to the role of Chief Compliance Officer [CCO] in December, alongside Ashton Easton... Read more of this article

Stablehouse Raises Over $2M In Seed Funding

Stablehouse Raises Over $2M In Seed Funding

Stablehouse has raised $2.18 million in seed funding from Liberty City Ventures, Dragonfly Capital, and other investors. A spokesperson said, “Stablehouse, a pioneering payment and FX exchange platform for stablecoins, has announced seed funding of $2.18 million, with investments secured from Dragonfly Capital, the VC focusing on crypto asset... Read more of this article

SEC: Unikrn To Pay $6.1 Million Penalty

SEC: Unikrn To Pay $6.1 Million Penalty

The U.S. Securities and Exchange Commission announced charges against Unikrn Inc “for conducting an unregistered initial coin offering [ICO] of digital asset securities” and said that Unikrn “agreed to settle the charges by paying a $6.1 million penalty.” A statement from the SEC said, “The Securities and Exchange Commission... Read more of this article

Stablehouse Test Pilots Digital Stimulus Token

Stablehouse Test Pilots Digital Stimulus Token

Stablehouse have commenced a “test pilot program for a digital stimulus token,” the company said. A spokesperson said, “Stablehouse, a pioneering payment and FX exchange platform for stablecoins, and the Government of Bermuda have commenced a test pilot program for a digital stimulus token. The goal of the pilot is to explore and demonstrate... Read more of this article

BMA Grants Class 3A Insurer Licence To Evertas

BMA Grants Class 3A Insurer Licence To Evertas

Evertas, a cryptoasset insurance company announced that is has received its license from the Bermuda Monetary Authority to start operating as a ‘Class 3A’ insurer. A spokesperson said, “Evertas, one of the world’s first cryptoasset insurance companies, has received its licence from the Bermuda Monetary Authority to start operating from... Read more of this article

Column: The Fintech Flexibility Of Bermuda

Column: The Fintech Flexibility Of Bermuda

[Opinion column written by Chris Garrod] After less than two years, the island’s core digital asset laws are being amended. Bermuda’s new Digital Asset Issuance Act 2020, which became effective on May 6th, 2020, comes soon after the introduction in 2018 of two fundamental pieces of Fintech legislation. First, we had what is commonly called Bermuda’s... Read more of this article

New Insurer For Crypto, Cannabis Businesses

New Insurer For Crypto, Cannabis Businesses

Premier David Burt announced that Relm, an insurer that specializes in emerging business categories, has been granted a license by the Bermuda Monetary Authority [BMA]. A Government spokesperson said, “The new business, which is led by CEO Joe Ziolkowski and Operations Vice President Keyla Roman, is owned by Deltec International Group, a Bahamas-headquartered... Read more of this article

Bermuda Hosts Financial Technology Summit

Bermuda Hosts Financial Technology Summit

Bermuda this week hosted a two-day summit [January 29-30] on financial technology which included Mr. Arjoon Suddhoo, the Commonwealth Deputy Secretary-General, as well as representatives from central banks in the Americas and Europe.“This was a small, private, invitation only conference of approximately 20 attendees, funded entirely by the Commonwealth... Read more of this article

Officials To Meet In Bermuda To Discuss FinTech

Officials To Meet In Bermuda To Discuss FinTech

Leading fin-tech experts and central bank officials from Africa, the Americas, Asia, and Europe will attend a meeting in Bermuda on January 29 and January 30 to discuss financial technology [FinTech]. According to TheCommonwealth.org website, “Central bank officials will meet in Bermuda next week to agree on a framework that can help build robust... Read more of this article

“World’s First Captive To Insure Crypto Custody”

“World’s First Captive To Insure Crypto Custody”

Premier David Burt announced that Gemini Trust Company, LLC — a cryptocurrency exchange and custodian — has launched Nakamoto, Ltd. a captive insurance company licensed by the Bermuda Monetary Authority [BMA] to insure Gemini Custody. “Nakamoto — the world’s first captive to insure crypto custody — allows Gemini Custody to increase... Read more of this article

Premier: Govt To Accept Some Digital Currency

Premier: Govt To Accept Some Digital Currency

Premier David Burt announced that the Bermuda Government has “committed to accept, for payment of government taxes, fees and services, 1:1 US dollar backed digital currencies that get licensed by the Bermuda Monetary Authority.” The Premier made the announcement today during the Bermuda Tech Summit, at the Hamilton Princess & Beach Club,... Read more of this article

Crypto Firm Circle Engages Oyster Consulting

Crypto Firm Circle Engages Oyster Consulting

Circle, an global crypto financial services company, engaged Oyster Consulting [Bermuda], to help guide them through a successful application process for the Class F license, and to provide compliance services for the future. “In June 2019 Circle became first full-service crypto finance company with a trading desk, stable coin and exchange to... Read more of this article