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Bermuda Regulatory Update: Q4 2020 - Technology


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Bermuda continued its brisk roll out of legislative and
regulatory changes right up until the end of 2020 and we have
included in this update an overview of the most significant changes
which took place during the last quarter of 2020. These changes
serve to highlight the pro-active nature of the regulator in
seeking to improve its supervisory and regulatory functions as well
as the adoption of legislation to introduce further business
efficiencies and to allow Bermuda to retain its competitive
advantage.
Digital Asset Business Amendment Act 2020 and Digital Asset ....

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Technology & Innovation Update Q4 2020 - Technology


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Whilst the pandemic has continued to present major challenges
for the business world, Fintech has gained tremendous momentum and
indeed become essential for many financial institutions and
companies in this new era.  The Hong Kong Fintech Week 2020
was held as a fully virtual event during 2-6 November 2020 and saw
a range of topics being explored, including development of central
bank digital currencies, virtual asset regulations, virtual banking
and related Fintech applications.  Most offshore jurisdictions
have already seen significant developments in the laws and
regulations in these areas, particularly as the pace of ....

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