The Digital Asset Business Act 2018 (the Act) is the statutory basis for regulating Digital Asset Business (DAB) in Bermuda. The Act provides for a licensing regime for any person or undertaking (unless otherwise exempted) which carries out any of the following activities:
WHAT IS A DIGITAL ASSET?
According to the Act, “digital asset” means anything that exists in binary format and comes with the right to use it and includes a digital representation of value that—
but does not include—