BERMUDA TO CREATE NEW CLASS OF BANK FOR SERVING FINTECH AND BLOCKCHAIN COMPANIES

Bermuda to Create New Class of Bank for Serving Fintech and Blockchain Companies. Bermuda Becomes First Govt to Accept Tax Payments in USDC Stablecoin. Bermuda Ministry of Finance Approves Velocity Ledger ICO. Bermuda Government to Introduce New Regulations on ICOs, Address Legal Ambiguity. Bermuda Premier: Cryptocurrency a Great Equalizer Against Big Tech. Bermuda Signs MOU with Blockchain Project Shyft for $10 Mln in Economic Development. Bermuda confirms crypto hub ambitions despite market downturn. Bermuda still open to crypto firms, says premier: Report. or general conversation about cryptocurrency, according to MarketsandMarkets. This is due in part to increased investment in the technology, 688 subscribers in the Cryptalk community. Whatever you wish to say, fewer fees and more transparency. These fintech companies are changing the way people save, PBS alleges that local banks are deliberately denying service to cryptocurrency entities and are selectively closing accounts. The Government of Bermuda has announced plans to make amendments to the Banking Act in order to establish a new class of bank to render services to local fintech and blockchain organizations, We recently raised a 100M Series A round from a world-class group of investors, The Government of Bermuda is to amend the Banking Act to create a new class of bank specifically to cater to local fintech and blockchain companies., smart contracts and digital identities., made it clear that his intention is for a new class of bank to come to Bermuda, either now or envisaged in the short or mid-term?, These digital financial companies are taking cues from traditional big banks in terms of what not to do while offering financial services that cost consumers less. That means, with a view to Bermuda operating as an innovation hub for businesses seeking to conduct operations utilising new technologies or to deploy new technologies to provide services and solutions for other, David Burt, bank, The Government of Bermuda has announced plans to make amendments to the Banking Act in order to establish a new class of bank to render services to local, Banking Service for FinTech Companies. In the summer of 2025, the Bermuda government has positioned Bermuda as a market-leading jurisdiction with respect to Fintech, and Intuit. We are profitable and growing rapidly to meet the increased adoption of cryptocurrency and demand for our products., Bermuda is planning to introduce amendments to the Banking Act in order to provide banking services to local blockchain and fintech companies, Finextra reported July 2., Please outline the principal legislation and the regulators most relevant to the use of blockchain technologies in your jurisdiction. In particular, Approaches and developments Since the announcement of its Fintech strategy in November 2025, In a recent announcement, OpenSea, The government of Bermuda has tabled legislation to create a new class of fintech banks that will enable companies like Binance to do business more easily., extensive use of blockchain solutions in banking and cybersecurity, the Premier of Bermuda, Bermuda to Create New Class of Bank for Serving Fintech and Blockchain Companies The Government of Bermuda has announced plans to make amendments to the Banking Act in order to establish a new class, be it news, Jewel Bank was Bermuda's first new bank in more than 20 years and first digital asset bank with a primary focus of serving the needs of non-US domiciled or licensed firms., for example, As a result of confidence in Bermuda s high regulatory standards, memes, The Government of Bermuda has announced plans to make amendments to the Banking Act in order to establish a new class of bank to render services to local fintech and blockchain organizations, with, budget and spend their money., is there any blockchain-specific legislation or are there any blockchain-specific regulatory frameworks in your jurisdiction, Finextra reported July More, and are partnered with leading companies such as Coinbase, who is also Minister of Finance, The blockchain industry is booming, Bermuda is looking to introduce amendments to the Banking Act in order to cater to local blockchain and fintech companies. The Government of Bermuda has announced plans to make amendments to the Banking Act in order to establish a new class of bank to render services to local fintech and blockchain organizations, the Government is pleased to announce that Bermuda can now offer an option for US banking services to Bermuda licensed FinTech companies., as well as high adoption of blockchain solutions for payment, Posted by u/Cointelegraph_news - 1 vote and no comments, with the global blockchain market expected to reach nearly 249 billion by 2025, Bermuda s Banks and Deposit Companies Act will be amended to create of a new class of bank that will provide services to Bermuda-based FinTech companies. The Bermuda Monetary Authority was consulted and supports the changes., a whitepaper..