Listening Time: 25 Minutes
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Episode Background
Bermuda Shorts – Tech Talks S01 E21
Join Bermuda's Jerome Wilson and George McCallum for an insightful "Tech Talks" episode exploring the practical considerations for licensing a Digital Assets Business Act (DABA) entity in Bermuda. They delve into key personnel requirements – including the appointment of a senior representative, compliance officer, and a well-structured board – and explain how applicants can meet the head office mandate through physical presence and engaged directors – and the importance of where strategic decision-making, actually takes place.
The conversation also touches on the Bermuda Monetary Authority's expectations for insurance, noting a dedicated episode on that topic is forthcoming, and share insights on the emerging wind-down plan requirement that forward-thinking applicants should be aware of.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
