Insights on DABA Licensing in Bermuda

Join Bermuda’s Jerome Wilson and George McCallum for an insightful “Tech Talks” episode exploring the practical considerations for licensing a Digital Assets Business Act (DABA) entity in Bermuda. They delve into key personnel requirements – including the appointment of a senior representative, compliance officer, and a well-structured board – and explain how applicants can meet the head office mandate through physical presence and engaged directors – and the importance of where strategic decision-making, actually takes place. The conversation also touches on the Bermuda Monetary Authority’s expectations for insurance, noting a dedicated episode on that topic is forthcoming, and share insights on the emerging wind-down plan requirement that forward-thinking applicants should be aware of. Connect with our legal experts to discover how your business can thrive in Bermuda’s premier digital-assets hub, where sophisticated oversight and a rigorous yet business-friendly licensing framework continue to attract global innovators. About Appleby Appleby is one of the world’s leading international law firms. Our global teams of legal specialists advise public and private companies, financial institutions and private individuals. We are a full service law firm providing comprehensive, expert advice and services across corporate, dispute resolution, property, regulatory, and private client and trusts practice areas. We have offices in ten highly regarded, well-regulated global locations, operating in nine and practising the laws of eight jurisdictions. Our office locations include the key international jurisdictions of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Isle of Man, Jersey, Mauritius, and the Seychelles, as well as the international financial centres of Hong Kong and Shanghai...