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The BDA released more than 600 hard-copy documents it held about Game Theory, or GTL Atlantic Ltd, the name it incorporated under here, in response to a Pati request. Unnamed BDA official, in an e-mail on July 17, 2018: “What’s the latest with Game...

The Government has secured an agreement to borrow up to $200 million to cover the costs of the Morgan’s Point guarantee, MPs were told yesterday. Curtis Dickinson, the Minister of Finance, said that a one-year term loan facility deal with the Bank of...

The head of a company that pledged to create fintech jobs in Bermuda has stepped down after bizarre comments in a series of media interviews. Patrick Byrne, founder and CEO of Overstock.com, resigned on Thursday after he told several news outlets he ...

Bermudian-based global financial services provider Apex Group Ltd has announced the successful closing of the acquisition of the Corporate and Private Client Services and Throgmorton businesses of Link Group’s asset services division. The acquisition...

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...