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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...

A Guernsey-based lawyer with links to a well-known online sports-betting firm was tight-lipped yesterday about the reason his data analytics company pulled out of Bermuda. Mike Richards did not answer telephone calls or respond to e-mails asking him ...

The application of modern technology to finance, or “fintech”, represents the unlocking of the long tail of investment, particularly that of global and local communities. It has the potential to empower people both globally and locally to pool their ...

Preliminary results of the island’s assessment by the Caribbean Financial Action Task Force, have been discussed by the Financial Policy Council, which is headed by Curtis Dickinson, Minister of Finance. The CFATF assessed the island’s anti-money leg...

Tough new European Union rules designed to combat tax avoidance can be turned to Bermuda’s advantage, a top manager at professional services firm KPMG said yesterday. Will McCallum, a KPMG managing director, said turmoil caused by the Economic Substa...

The year was 1995. Then computing expert and 20-year internet user Clifford Stoll published an article in Newsweek magazine outlining why the internet would not live up to the growing sense of hype. It was titled “The internet? Bah! — Hype alert: Why...

After the Premier’s question period last Friday in Parliament, David Burt was forced to take the seldom used “Personal Explanation” period during the next sitting on Monday to correct a misleading answer to a question I put to him. During the questio...