ARTICLE · 11 JULY 2018

Immigration Innovation In Bermuda

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The financial services industry is being impacted by fintech, or financial technology, which is transforming the way we do business and interact with customers particularly in relation to banking, trading...

BermudaTechnology

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The financial services industry is being impacted by fintech, or financial technology, which is transforming the way we do business and interact with customers particularly in relation to banking, trading, financial advice and products. This emerging sector is attracting capital to fintech start-ups and has created many opportunities. Bermuda has recently introduced two Acts namely: Companies and Limited Liability Company (Initial Coin Offering) Amendment Act 2018 (ICO Act) and Digital Asset Business Act (DABA). These changes will regulate initial coin offerings and digital asset business carried out in or from within Bermuda. This is part of Bermuda's plan to develop a globally recognised standard for regulating the fintech sector in Bermuda.

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