When Hurricane Irma, a Category 5 storm, struck the BVI on Wednesday, 6th September 2017, it had a devastating impact, wiping out critical infrastructure and denying inhabitants any electricity supplies for six months. It was a moment of collective grief,
“I would say every day I get two or three inquiries on some crypto or blockchain-related project. There is a lot of interest in all things crypto here in the BVI,” observes Michael Killourhy, Partner at Ogier (BVI). Such is
Institutional crypto trading platform Caspian’s token sale closed ahead of schedule due to funding targets being met. The company reached its hard cap of USD19.5 million through a private and public token sale. With contributors coming from Canada, UK, Hong
IronX has launched a new beta version of the IronX Exchange cryptocurrency exchange platform which aims to allow private and institutional investors to exchange traditional fiat, cryptocurrencies, forex, commodities, equities, and other tradable assets. IronX has also launched its IRX
Alternative fund manager Abacus Capital’s Hogi Hyun is stepping into the crypto world to bring investors a blockchain and tokenised investment grade diamond investment opportunity. Abacus was established in Singapore in 1996 and has some USD1 billion in assets in
By Phillip Graham, Partner, Harneys – The BVI is reportedly the second biggest cryptocurrency market in the world, according to statistics published by CoinShares, which used data collected from the 15 biggest cryptocurrency exchanges and concluded that the BVI had a trading
Baanx.com, an emerging Cryptobank network focused on offering fiat and crypto mobile banking services for the blockchain era, has agreed a USD2 million investment deal with LDJ Cayman Fund as part of its current Token Pre-Sale for qualified, accredited institutions
Bermuda is the latest jurisdiction to update its regulation in response to the rising prominence of blockchain technology innovation and Initial Coin Offerings. The Companies and Limited Liability Company (Initial Coin Offering) Amendment Act, 2018 (the “ICO Act”), came into force on
Bermuda is embracing the blockchain revolution, and creating a robust and fit-for-purpose legal and regulatory framework governing initial coin and token offerings (ICOs) and digital asset businesses. Fintech businesses could, according to Scott Watson-Brown (pictured), PwC Bermuda’s Asset Management leader,
By Matthew Ebbs Brewer, Sally Penrose & Alexis Haynes, Appleby Global – As interest continues to be shown to the growing digital asset industry, attention is being given to the concept of tokenising investments in mutual funds. In 2018, Bermuda implemented
