FIBA In The News

 

FIBA News

 

THE WALL STREET JOURNAL

Bermuda Doubles Down on Crypto Despite Recent Market TurmoilThe island's regulators aim to combine their international business expertise and a trained local workforce to become a digital-assets hub.Bermuda, long known for its offshore insurance and reinsurance...

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Despite the recent market downturn, the island territory is now aspiring to be among the top crypto hubs as well and has been actively expanding its crypto sector since 2017.

The crypto market's recent downturn sent Bitcoin (BTC) trading below $30,000 and Ether (BTC) below $2,000. However, Bermuda remains unfazed by the volatility in digital currency prices and is moving ahead with its plans to establish itself as a major crypto hub.Aside...

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The Royal Gazette

Bermuda headlines cryptocurrency news Bermuda is making headlines in cryptocurrency centred publications, republishing portions of a Wall Street Journal story focusing on the island. Nasdaq.com headlines their markets section with: "Bermuda Seeks to Expand...

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CRYPTO MADE FASY

The Bermuda government is moving ahead with its ambitious dream to make Bermuda a crypto hub amidst the market downturn. The Bermuda government remains unaffected by the recent Terra crash in May.Since 2017, this beautiful island territory, popular for its pristine...

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DAILY BUSINESS REVIEW

Risky Business: The Legal and Financial Implications of the Russia SanctionsThe speed at which sanctions were imposed left many questions unanswered, resulting in a flurry of calls and messages to attorneys who themselves were trying to understand the ramifications....

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CRYPTO NEWS BTC

Bermuda confirms crypto hub ambitions despite market downturnThe Bermuda authorities is pushing on with its formidable plans to turn out to be a cryptocurrency hub regardless of the large market downturn in 2022.The small island territory identified for its pristine...

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EDUCATION & TRAINING

 

LEGAL & REGULATORY AFFAIRS

 

FIBA LARA ALERT

FIBA Gets Clarification from FinCEN on MRB Reporting On June 22nd, FIBA received FinCEN’s response to its September 2020 request for guidance on the applicability of FinCEN’s 2014 guidance on BSA expectations surrounding Marijuana-related businesses (“MRB’s”). FIBA’s...

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FIBA LARA ALERT

Despite the stalled emergence from the COVID-19 pandemic, courts and regulatory authorities continue to shape and impact the way cross–border financial business is done. Recently, OFAC, the Department of Justice, a New York federal district court, and the Second...

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TRADE FINANCE

 

FIBA ALERTS