Tagged: bermuda

Bittrex Receives Full Class F Digital Asset Business Act License to Operate Cryptocurrency Exchange From Bermuda

Bittrex, a cryptocurrency exchange based in the U.S., announced on Wednesday it received a full Class F Digital Assets Business Act license to operate its digital asset platform under the supervision of the Bermuda Monetary Authority (BMA). Bittrex reported that the Bermuda-based entity will provide… Read More

Government of Bermuda Partners with Stablehouse on “Digital Stimulus Token”

Stablehouse, stablecoin platform, is distributing a note indicating a new partnership with the Government of Bermuda on a “digital stimulus token.” According to Stablehouse, the two sides are piloting a program to explore the viability of digital tokens to enable the purchase of food and… Read More

Chief Fintech Advisor to Premier of Bermuda Says Island Nation is Planning to Launch Complete Crypto and DLT Ecosystem

Denis Pitcher, Chief Fintech advisor to the Premier of Bermuda, confirmed recently that the island country’s government has been focusing on encouraging blockchain and crypto adoption. Bermuda aims to enable greater financial inclusion with its national virtual currency in an area where residents are reportedly… Read More

Bermuda Is Now Accepting USDC Stablecoin As Payment for Taxes, Fees, and Government Services

Bermuda’s residents can now pay their taxes in cryptocurrency. The government of the British Overseas Territory announced on October 16 that it will take payments in Circle’s USD Coin (USDC) “for taxes, fees and other government services.”  According to a press release by Circle Internet… Read More

Bitbond Meets with Government of Bermuda on Possible Digital Bond Issuance

Bitbond, a Germany based global peer to peer lender, is visiting Bermuda this week. Bitbond recently closed on a BaFin approved security token offering raising €2.1 million for a digital bond. Investors from 87 different countries participated in the offering (minus the US and Canada)…. Read More

Global Crypto Investor XBTO International Secures Digital Asset License in Bermuda

XBTO International Ltd. (XBTOI), a licensee of global crypto investors XBTO Group, announced on Monday the Bermuda Monetary Authority (BMA) has granted it a license under the Digital Asset Business Act. XBTO reported that XBTOI marks only the third firm to be granted this type of… Read More

tribeOS is First Digital Security Issued Under Bermuda’s ICO Law

Announced during the Security Token Summit in Bermuda this week, tribeOS said its “digital security offering” FIRE has received regulatory approval under Bermuda’s young ICO Act (2018). tribeOS is described as a blockchain-based digital advertising marketplace designed to help advertisers and publishers run secure, fraud-free… Read More

Blockchain based Identity Solution Shyft Signs MOU with Government of Bermuda

Shyft has announced that an Memorandum of Understanding (MOU) with the Government of Bermuda. Bermuda has recently embraced the potential of facilitating blockchain technology and the issuance of cryptocurrency. Shyft said that Bermuda is a “pioneer” in tech leading the way for others. Simultaneously, Shyft announced… Read More

Bermuda Advances Cryptocurrency Regulation While Binance Invests $15 Million in the Country

Late week, Bermuda advanced legislation to regulate cryptocurrency and initial coin offerings. The country, like some others, sees opportunity in creating a regulated environment that encourages crypto companies to establish operations and invest. Around the same time, Binance, one of the largest cryptocurrency exchanges in… Read More

Bermuda Premier & Minister of Finance David Burt Signs MOU With Cryptocurrency Exchange Binance

Bermuda’s premier and minister of finance David Burt announced on Friday he has signed a Memorandum of Understanding with Binance, one of the largest cryptocurrency exchanges in the world. Burt revealed in the announcement:  “The Binance Group is the world’s largest cryptocurrency exchange and an international… Read More

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