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Tag: Bermuda

The Ministry of Finance of Bermuda approves the ICO of Velocity Ledger

The Ministry of Finance of Bermuda approved the initial coin offer (ICO) of the commercial company Velocity Ledger Holdings Limited (VLHL). The subsidiary of VLHL, VL Financial, is in the process of applying to the Monetary Authority of Bermuda (BMA) to obtain the relevant licenses to operate. If approved by…

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Are you in Bermuda? New York-based Signature Bank offers services for fintech companies

The New York-based commercial bank Signature Bank will begin offering financial services to fintech companies in the island state of Bermuda, the daily Royal Gazette reports on 28 February. Banks in Bermuda have mostly avoided dealing with the fintech industry, which needs financial services. Bermuda Prime Minister David Burt said…

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