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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. 
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