Crypto finance firm Circle has expanded its international digital asset offerings with the launch of a new subsidiary in Bermuda.
Founded in 2013, Circle is a peer-to-peer payments technology company. The company is one of the most well-funded blockchain startups, with investors including Goldman Sachs Group and Baidu.
FinTech firm Velocity Ledger Technology (VLT) has released its testnet and blockchain network API.
Earlier this year, Velocity Ledger Holdings Limited (VLHL), the parent company of VL Tech, received an approval from Bermuda’s Ministry of Finance to conduct an initial coin offering (ICO),
The Ministry of Finance of Bermuda has approved the initial coin offering (ICO) of Velocity Ledger Holdings Limited (VLHL).
The money raised during the VL token sale will fund the operations of two VLHL subsidiaries – VL Financial and Velocity Ledger Technology Limited (VL Tech).
The Bermuda Monetary Authority (BMA), the country’s financial services regulator, has released a draft regulation for cryptocurrency custodial services.
Released last month, the draft law, titled Code of Practice for Digital Asset Custody, aims to ensure a high level of care when safeguarding client’s assets.
Blockchain startup Uulala has become the first applicant to receive approval to launch an initial coin offering (ICO) in Bermuda under the island’s new regulatory regime.
Uulala is building a financial platform to solve financial problems for the unbanked population, making their financial life easier,
Blockchain identity solution provider Shyft, in partnership with global data rights firm Trunomi and blockchain firm BurstIQ, has introduced an e-ID solution for online and offline personal identification and authentication.
Called Perseid, named after a prolific meteor shower associated with the comet Swift–Tuttle,
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.
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.
Blockchain identity solution provider Shyft has signed a memorandum of understanding (MOU) with the government of Bermuda to support local blockchain projects.
Shyft is a multi-layer blockchain network enabling users to securely obtain, store, inquire about, and work with “regulatory-compliance-satisfying” data.
David Burt, Bermuda’s Premier and Minister of Finance, has signed a memorandum of understanding (MOU) with Binance Group which involves an investment of up to $15 million for educational programs related to FinTech and blockchain startups.
Changpeng Zhao, founder and CEO of Binance,
