on BUIDL Island: Bermuda's Digital Asset Strategy
summary
Bermuda presents a working regulatory stack: an annually-updated Digital Asset Business Act, a three-tier license path (test, sandbox/modified, full) with test license $1,000, sandbox limits (≈1,000 customers) and seven full licensees live today; recent milestones include a new bank license (Jewel) seeking to issue a one-to-one Bermuda dollar stablecoin and Realm running crypto insurance with 30 staff. Policy stance rejects a no CBDC approach in favor of privately issued interoperable stablecoins and licensing digital identity service providers.
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chapters (12)
- 0:00Welcome to BUIDL Island
- 1:04Purpose of BUIDL Island
- 2:27Bermuda’s crypto licensing
- 5:55Insurance and digital assets
- 10:07Supporting entrepreneurs
- 12:14CBDCs vs stablecoins
- 14:42Digital identity challenges
- 19:18Jewel Bank licensing
- 21:03Benefits for citizens
- 23:09Collaboration with neighboring jurisdictions
- 26:43Regulatory pioneers
- 27:24Future vision for Bermuda
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