Cryptoasset & Digital Asset Licence in Bermuda
DABA Act, offshore crypto hub. BMA regulated. Capital from BMD 100k+. Typical timeline 3 to 6 months.
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Tell us the business, the markets and your timing. Every enquiry is answered the same business day, with a written proposal: the licence, the requirements, the cost and the timeline.
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Why Bermuda for Your Cryptoasset & Digital Asset Licence?
Bermuda offers a well-crafted digital asset regulatory framework, a stable political environment, and proximity to both US and European markets.
Bermuda's Monetary Authority (BMA) regulates digital asset businesses under the Digital Asset Business Act (DABA). Bermuda was an early mover in creating dedicated crypto legislation.
Licence requirements
Detailed requirements
Minimum capital from BMD 100,000. Comprehensive governance, AML, cybersecurity, and client asset protection requirements.
Application process
Regulatory Strategy
We assess your business model and regulatory position to develop a clear licensing strategy.
Business Plan
We prepare a comprehensive business plan meeting the regulator's expectations.
Programme of Operations
Detailed programme of operations covering governance, compliance, and operational arrangements.
Compliance Framework
Full AML/CFT framework, compliance monitoring programme, and risk management policies.
Application Submission
We compile and submit the complete application package to the regulator.
Regulator Review
We manage all regulator communications and information requests during the review period.
Authorisation
Upon approval, we support your transition to live operations.
Process detail
3 to 6 months. The BMA is known for efficient processing and constructive engagement.
Bermuda vs United Kingdom
| Criteria | Bermuda | United Kingdom |
|---|---|---|
| Capital | BMD 100k+ | No capital floor |
| Timeline | 3 to 6 months | 3 to 12 months |
| Regulator | BMA | FCA |
| Key Feature | DABA Act, offshore crypto hub | AML registration, rigorous assessment |
Related services
Licensing & Authorisation
Full-service licensing advisory from strategy to authorisation.
Compliance Support
Ongoing compliance frameworks tailored to your regulatory obligations.
Financial Crime
AML, KYC and financial crime prevention programmes.
Ready to get started?
Every enquiry is answered the same business day, with a written proposal.
Speak to a licensing expertFrequently asked questions
The capital requirement for a cryptoasset & digital asset licence in Bermuda is BMD 100k+. Minimum capital from BMD 100,000. Comprehensive governance, AML, cybersecurity, and client asset protection requirements.
The typical timeline for a cryptoasset & digital asset licence in Bermuda is 3 to 6 months. 3 to 6 months. The BMA is known for efficient processing and constructive engagement.
Bermuda offers a well-crafted digital asset regulatory framework, a stable political environment, and proximity to both US and European markets.
After receiving your cryptoasset & digital asset licence in Bermuda, you must maintain ongoing compliance with regulatory requirements including safeguarding of customer funds, regular regulatory reporting, maintaining adequate capital, updating AML and compliance frameworks, and cooperating with supervisory reviews and inspections.
Most jurisdictions require local substance for a cryptoasset & digital asset licence. In Bermuda, you will typically need a registered office, at least one locally resident director, and potentially additional operational staff. We can advise on the exact requirements and help you establish the minimum viable local presence.
A cryptoasset & digital asset licence in Bermuda provides access to the domestic market. DABA Act, offshore crypto hub. Separate authorisation may be required for other jurisdictions.