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Bermuda’s focus on fintech has been primarily around economic diversification in the application of technology. This is much broader than the narrow scope of simply initial coin offerings and cryptocurrencies. We have spent the past two years discov...

Records of the Financial Policy Council will be exempt from public access to information requests if newly tabled legislation is passed. Gitanjali Gutierrez, the Information Commissioner, said the move would mean the council would be the first financ...

Curtis Dickinson, the Minister of Finance, had the honour of opening the Toronto Stock Exchange, accompanied by a delegation from the island, this week. The group is in Toronto for a multi-industry forum, hosted today at The Ritz-Carlton by the Bermu...

European Union finance ministers removed Bermuda from a blacklist of noncooperative tax jurisdictions yesterday. Representatives of the 28 EU countries struck Bermuda from Annex I of the EU list — the “blacklist” — and put the island in Annex II of t...

Britain is to reduce the amount of information available publicly on its companies register after thousands complained their data could be used by fraudsters. The move is part of an overhaul of operations at Companies House, which oversees the UK reg...

A string of communications over cryptocurrency firm Arbitrade’s bid to set up in Bermuda revealed “an embarrassing shambles”, the Opposition leader said yesterday. Craig Cannonier added he feared the island’s reputation had been put at risk after a w...

A spice trader who invested in an Arbitrade cryptocurrency token wrote to the Premier seeking assurances about the company’s operations in Bermuda after it “disappeared on” backers earlier this year. Zach Bobker, a managing partner of online delivery...

An acting Registrar of Companies found “no obvious deficiencies” in a business licence application from cryptocurrency firm Arbitrade, but compliance checkers said there were problems with the company’s plan to combat money laundering and terrorist f...

Cryptocurrency firm Arbitrade were urged by the Bermuda Government to keep its promise to plough $1 million into fintech development, despite not having a licence to run a digital asset business on the island. Correspondence obtained by The Royal Gaz...

Artificial intelligence and machine learning technologies are set to be used by the Bermuda Monetary Authority to enhance its operations. The regulator will build an internal innovation lab to further what it terms as supervision technology, or SupTe...

Bermuda has a long history of global trade and disruptive innovation. Our location and ability to innovate quickly played a pivotal role in the early days of trade in the founding of the New World, just as it does today. Our focus on disruption and i...

The recent news has been flooded with commentary on Modern Monetary Theory (MMT). This tends to be a more leftist leaning theory that supports big government spending and large deficits that get monetised by a central bank. Basically, governments cr...