Policy Reference

Bermuda

Explore Bermuda’s crypto laws, including BMA digital asset business licensing, custody rules, taxes, AML compliance, and regulation.

Bermuda Monetary Authority, BMA
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Law database

1 law profile

Law / Bill
Draft Intro Committee Passed Enacted Effective
Bermuda Digital Asset Business Act 2018 2018:28; DABA; amended through 2024:34 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Digital Asset Business Act 2018

Bermuda’s Digital Asset Business Act 2018 requires BMA licensing for digital asset businesses and sets activity, custody, AML/ATF, governance, and supervisory rules.

Last action: Feb 12, 2025 - Digital Asset Business (Custody of Client Assets) Rules 2025 became operative under the DABA framework.

Information is for general purposes only and not legal advice. See full disclaimer.