Cryptocurrency Analysis and News Portal
With crypto giant Coinbase seeking a license to operate in Bermuda, the country’s crypto market is buzzing with activity of more US firms showing interest. The tighter regulatory action and crackdown in the US have recently forced crypto companies operating in the country to shit their base to the crypto-friendly
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Five years after the island jurisdiction passed its digital assets regulation, a steady stream of companies is coming to Bermuda to be regulated. Original Source
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As part of what the exchange calls its “8-week international expansion drive,” Coinbase in its blog post took note of, among other items, doubling down on its investments in the Canadian market. The company recently hired Lucas Matheson as country director and signed a Pre-Registration Undertaking (PRU), which is considered
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Coinbase received its license to operate in Bermuda on April 19th. The action was taken to keep up with the company’s campaign for “global scale to go broad and deep”. Coinbase plans to launch a coastal derivatives exchange in the next week, after it acquired a license to function in Bermuda
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United States-based cryptocurrency exchange Coinbase has received a license to operate in Bermuda and it's reportedly set to launch a derivatives exchange based there as soon as next week.According to an April 19 blog post, Coinbase revealed it had "received our regulatory license to operate from the Bermuda Monetary Authority" —
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The dramatic collapse of crypto exchange FTX last November is not moving Bermuda away from receiving crypto companies, according to the head of the British island territory’s government during an interview with Bloomberg News. “The future of finance is digital,” said the premier and finance minister Edward David Burt, who believes
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“Our partnership with Polygon Companies helps power a key part of our long-term stablecoin infrastructure, which brings bank-grade safety, speed, and security to stablecoins,” Jewel Bank’s founder and chairman, Chance Barnett, was cited as saying in the release. Source
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Digital assets are the future, the island’s premier David Burt told us at the Consensus 2022 conference – and he’s not worried about being shut out by jurisdictions like the EU. Source
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The Bermuda government is pushing on with its ambitious plans to become a cryptocurrency hub despite the massive market downturn in 2022. The small island territory known for its pristine pink sand beaches and attractive taxation policies has been actively expanding its crypto sector since 2017, according to Bermuda’s minister
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A multi-asset class trading firm in Bermuda has secured major regulatory approval allowing it to offer cryptocurrency trading services.Over-the-counter trading platform 24 Exchange has acquired a “Class T” digital asset business licence from the Bermuda Monetary Authority (BMA) to roll out cryptocurrency trading on its institutional-grade platform. The firm officially
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