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ARTICLE · 06 JULY 2018

Fintech, Blockchain And ICO Regulatory Update - Bermuda, British Virgin Islands And Cayman Islands

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Cryptocurrencies and the blockchain technology that underpins them are terms that have gained prominence in recent years. According to CoinMarketCap as of 23 May 2018 ...

BermudaWealth Management
Nicholas Davies
Nicholas Davies
Alison Thomson
Alison Thomson
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Cryptocurrencies and the blockchain technology that underpins them are terms that have gained prominence in recent years. According to CoinMarketCap as of 23 May 2018, the current market capitalisation of bitcoin and all other virtual currencies stands at USD348 billion and there are 194 cryptocurrency exchanges now operating globally. Initial coin offerings (ICOs) have also flourished as a fundraising method. ICO funding for the first quarter of 2018 was USD6.3 billion, almost 20 percent higher than the previous year, according to Coindesk.

We have set out below the most recent regulatory updates on digital assets and blockchain technology in each of the three jurisdictions that Appleby’s Hong Kong office advises on.

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