R3 Demonstrates Blockchain Technology in Bermuda
R3 brought its blockchain research to Bermuda to demonstrate how distributed ledger technology could transform the way the island nation and the businesses incorporated there operate. Brokers, insurers, reinsurers and financial services organizations heard Tim Grant, chief executive officer of R3 Lab and Research Centre, and consultant Todd Bault, speak about distributed ledgers at the ILS Bermuda Convergence conference in early November, according to The Royal Gazette. R3 gave a real-time demonstration of blockchain technology, as well. “We had brokers, underwriters, Bank of New York....
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Agentic Group, a global consortium of the blockchain companies has entered into a partnership with the Government of Bermuda to offer training on blockchain and digital currencies while fostering the digital currency ecosystem. Agentic Group, an elite global consortium of the global blockchain, cryptocurrency, and related companies has entered into a partnership with the Government of Bermuda to offer training on blockchain and digital currencies while fostering the digital currency ecosystem in British Overseas Territory of Bermuda. The New York-based Agentic Group, as a part of the....
Bermuda Premier David Burt said that 24 Exchange’s regulatory approval is the “first license of its kind to be issued in Bermuda.” 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 announced Tuesday that the new license was granted under the Bermuda Digital Asset Business....
Bermuda is the latest country that wishes to be in the forefront when it comes to crypto and its regulations. It is now set to develop an extensive and comprehensive crypto regulatory framework. Through maintaining this transparency, Bermuda is attempting to attract more cryptocurrency related projects, and companies who are enthusiasts in this particular field. […]
Bermuda continues to welcome fresh wave of crypto exchanges on the island. Crypto exchange Bittrex Global received the green light from Bermuda’s financial watchdog to run its operations under the supervision of local authorities.According to the official announcement, the company got a full “Class F Digital Assets Business Act” license from the Bermuda Monetary Authority, or BMA, which will allow them to offer crypto services such as futures, subject to further approval by the watchdog.Bermuda's positive regulatory stance towards crypto comes within the context of the Digital Assets....
A cryptocurrency exchange-traded fund (ETF) by Nasdaq and Brazilian fund manager Hashdex has reportedly been approved to trade on the Bermuda Stock Exchange. Hashdex says the new cryptocurrency investment product tracks the Nasdaq Crypto Index. Hashdex Says ETF Will Track Nasdaq Crypto Index Brazilian fund manager Hashdex confirmed to news.Bitcoin.com on Tuesday that the company is launching a cryptocurrency ETF, co-developed with Nasdaq. A Hashdex spokesperson said that the ETF has been approved by the Bermuda Stock Exchange (BSX), elaborating: The ETF will be available for public trading....