Skip Navigation LinksBMA > Digital Asset Business > Licensing

​​​​  

 

 LICENSING

 

​ 

General Requirements


A detailed, comprehensive Digital Asset Business (DAB) application must be submitted for the licensure of an entity under the Digital Asset Business Act 2018 in the appropriate form as follows:​ 

  • Applications must be received by the Authority no later than 5:00 p.m. on the relevant Thursday in order to be considered by the Assessment and Licensing Committee (ALC) on a Thursday four weeks later and responded to on the Friday (next day). Applications received after the aforementioned deadline may not be considered by the ALC until the following week.​
  • Applications should be e-mailed to innovate@bma.bm with a hard copy submitted to the Authority for the attention of the Financial Technology (FinTech) Department.​ Business to be conducted in a prudent manner;
  • All documents included in a DAB application must be provided to the Authority in English. ​
​