Crypto & Digital Assets - Bermuda

RegulatedDigital Asset Business Act 2018 (DABA), administered by the Bermuda Monetary Authority (BMA), supplemented by the DABA Code of Practice, the Digital Asset Business (Custody of Client Assets) Rules 2025, and the Digital Asset Issuance Act 2020 (DAIA) for token offerings.

Bermuda was one of the first jurisdictions to enact a bespoke virtual-asset regime, with the BMA licensing digital asset businesses (its term for VASPs) under the Digital Asset Business Act 2018. The regime is principle-based but prescriptive on client-asset protection, technology/cyber risk, and market conduct, and operates a tiered Test/Modified/Full licence structure. The framework remains active and is being expanded through 2025-2026 with new custody rules and a forthcoming Operational Resilience and Outsourcing Code.

Machine-assisted translation · verified 5/23/2026 · orientation, not legal advice. English version →