Tagged: bermuda

May 22, 2022 @ 2:08 pm By Omar Faridi  |  

Nayms recently revealed that it became one of the world’s “first” crypto-native insurance marketplaces to become “fully-regulated” in Bermuda. They now hold both the full Digital Asset Business Act license and Innovative General Business Insurance license, “allowing their insurance partners to conduct regulated insurance business… Read More

December 5, 2021 @ 7:02 pm By JD Alois  |  

24 Exchange, a trading platform that has a mission is to enable the “most cost-effective trades across a growing range of asset classes, 24 hours a day” has raised $14.25 million led by Point72 Ventures. Point72 Ventures is Steve Cohen’s VC firm. Cohen is a… Read More

December 7, 2020 @ 10:10 am By JD Alois  |  

Bittrex Global is now offering trading in tokenized equities on its digital asset exchange in cooperation with DigitalAssets.AG. Account-holders may now trade a shortlist of popular stocks like Apple, Tesla, Google, etc. DigitalAssets.AG is based in Switzerland and facilitates the tokenization of traditional financial assets…. Read More

September 30, 2020 @ 11:36 am By Samantha Hurst  |  

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

September 1, 2020 @ 9:59 am By JD Alois  |  

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

February 3, 2020 @ 8:07 am By Omar Faridi  |  

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

October 18, 2019 @ 5:34 pm By Omar Faridi  |  

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

August 16, 2019 @ 9:30 am By JD Alois  |  

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

July 29, 2019 @ 10:04 am By Samantha Hurst  |  

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

March 21, 2019 @ 1:56 pm By JD Alois  |  

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

May 15, 2018 @ 6:44 pm By JD Alois  |  

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

April 30, 2018 @ 9:29 pm By JD Alois  |  

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

April 28, 2018 @ 2:14 pm By Samantha Hurst  |  

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