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Bermuda’s fintech sector is small but thriving under the watchful gaze of the island’s financial regulator, according to industry professionals. The Royal Gazette spoke with many of the 16 companies licensed under the Digital Asset Business Act 2...

The Bermuda Monetary Authority has launched a campaign ‘Deposit It or Exchange It’ to remind the public that, from December 31, they will have one year to deposit or exchange the horizontal Bermuda dollars legacy banknotes. Effective January 1, 2024,...

Dear Sir, The United States Federal Reserve and the Bank of England are the arsonists who started the inflation fires, and they are now trying to put the fires out. The United States Federal Reserve and the Bank of England had no other choice but to ...

The US Federal Reserve, the country’s central bank, boosted its benchmark overnight interest rate by 75 basis points today as it seeks to control runaway inflation in the world’s largest economy. The three-quarters of a percentage point rise is the F...

Legislation seeking to update definitions and correct fee structures incorrectly stated in the Bermuda Monetary Authority Act 1969 has been approved in the Senate. The Bermuda Monetary Authority Amendment (No 2) Act 2022, was tabled by Arianna Hodgs...

A Bill seeking to update definitions and correct fee structures incorrectly stated in the Bermuda Monetary Authority Act 1969 was passed in the House of Assembly. The Bermuda Monetary Authority Amendment (No 2) Act 2022 seeks to amend the act to upd...

The work of a “major drug-trafficking ring” was hampered after a joint operation between police and customs officials, a senior detective said yesterday. His comments came after cannabis worth about $800,000 was seized at a home this month. A Bermuda...

Two sessions to help women achieve financial independence will be run as part of the latest calendar of events from the Women’s Resource Centre. Angela Joell, an education and investment manager at Argus Group, will tailor special courses to suit wom...

The Bermuda Monetary Authority has posted for consultation its draft new Digital Asset Business Operational Cyber Risk Management Code of Practice along with revised Digital Asset Business Custody Code of Practice and Digital Asset (Cybersecurity) Ru...

Butterfield Bank has ruled out an interest rate increase after the US Federal Funds Rate was raised 25 basis points yesterday

A digital dollar can be used to buy rum on the island in a pilot project that could be expanded to include other companies. Gosling’s is working with Bidali, a Canadian fintech company, with support from the Bermuda Government’s fintech office and Pe...

Information Commissioner Gitanjali Gutierrez has upheld a decision by the Bermuda Monetary Authority to withhold records about its staff recruitment plans. But she has told the authority it must reveal whether such a record exists and whether it incl...