Bermuda News

“We are aware of the recent devaluation in the price of cryptocurrencies and remain confident that it does not threaten the island’s ability to become a crypto hub,” said Bermuda’s Minister of Economy and Labor Jason Hayward.

Bermuda Premier David Burt said that 24 Exchange’s regulatory approval is the “first license of its kind to be issued in Bermuda.”

Court transcripts have revealed that BitMEX’s fugitive executives Arthur Hayes and Ben Delo are negotiating a surrender with U.S. authorities.

Digital asset markets are subject to various regulations worldwide, but which are the most suitable for the crypto space at the moment?

Bermuda continues to welcome afresh wave of crypto exchanges on the island.

Brazil’s Hashdex is teaming up with Nasdaq to bring the world’s first Bitcoin ETF to the Bermuda Stock Exchange.

The island continues to work toward full crypto adoption.

The Premier of Bermuda, Edward David Burt, has said that cryptocurrencies are a great equalizer and characterized fintech innovation as a national strategic imperative.

Bermuda became the first government to accept stablecoin USDC for tax payments, according to global financial services company Circle.

Major crypto exchange BitMEX announced that it will restrict access to its platform from Seychelles, Hong Kong and Bermuda.

Circle has launched a new subsidiary in Bermuda to serve non-American Poloniex customers, stressing U.S. regulatory limitations.

Fintech firm Velocity Ledger Technology has launched a testnet and blockchain API where users can develop apps for issuing, trading, and settling utility tokens.

The Bermuda Ministry of Finance has approved an ICO for trading company Velocity Ledger Holdings Limited.

Phillip Potter has joined the advisory board of a new stablecoin clearing house project.

Bermuda’s financial watchdog BMA has released a draft code of practice for crypto custodial services.