Bermuda To Establish “New Class Of Banks” For FinTech And Blockchain Firms

Blockchain, News, Regulation | July 3, 2018 By:

The government of Bermuda is planning to amend the country’s Banking Act in order to establish a new class of bank that will provide services to blockchain firms.

The upcoming amendments to the Banks and Deposit Companies Act 1999 is part of the government’s mission to put its name on the map as an outlier destination for FinTech innovation.


Blockchain e-ID Network Planned By Trunomi, Shyft

Blockchain, News | June 1, 2018 By:

Trunomi, a Bermuda-based global data rights company, has partnered with blockchain identity solution provider Shyft to develop an innovative electronic ID (e-ID) network.

Trunomi provides customer consent and data rights management technology. It enables customers to digitally control and share their personal data via a personal data store in compliance with data privacy regulations.