Bermuda

The cryptocurrency exchange says a ban of users in Hong Kong, Bermuda and the Seychelles is to avoid conflict of interest with its operating company.

The cryptocurrency investment firm XBTO International Limited has obtained a license allowing it to legally operate in Bermuda.

By relocating its cryptocurrency exchange business to Bermuda, Circle can escape regulatory uncertainty in the U.S.

The Bermuda Monetary Authority has spearheaded a new bill that will establish a novel, restricted banking license to encourage banks to provide their services to fintech companies.

Bermuda is aggressively diving into the fintech sector with two clear objectives: to promote the island as the jurisdiction of choice for fintech entrepreneurs and to establish its new regulatory framework as the universal standard for initial coin offerings (ICOs), digital assets and virtual currencies