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ARTICLE · 31 JULY 2025

Insights From The BMA's Second Consultation Paper On Digital Identity Service Providers

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As jurisdictions around the world grapple with the complexities of authenticating digital identities and the provision of digital identity services, the Bermuda Monetary Authority (BMA)...

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Richard Collis
Richard Collis
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As jurisdictions around the world grapple with the complexities of authenticating digital identities and the provision of digital identity services, the Bermuda Monetary Authority (BMA) is taking a consultative and forward-looking approach. This approach will help ensure Bermuda's proposed regulatory framework is fit for purpose.

The BMA has released part II of its consultation paper on the regulatory framework for licensing digital identity service providers (DISP). Part II of the consultation paper emphasizes that the proposed licensing regime is designed to encourage confidence in the sector.

The BMA's move towards the regulation of DISPs is a logical development in Bermuda's digital regulatory evolution and will help maintain Bermuda's position as a trusted market leading digital hub.

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