Bermuda Expands Licensing Regime to Include Digital Assets Derivatives

The Digital Asset Business Amendment Act 2019 (the "DABA Amendment Act") was approved by the Bermuda Parliament on 2 October 2019 and, once operative, will bring eagerly awaited amendments to the existing licensing framework for digital assets businesses in Bermuda.

The DABA Amendment extends the scope of digital asset business activities that are captured under the Digital Assets Business Act, 2018 ("DABA") and which require a licence from the BMA to conduct such activities in Bermuda.

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