FinTech in Bermuda - RumCoin?
Apart from its dramatic coastline, hidden coves, turquoise waters, and beautiful beaches with pink sands, Bermuda is also a well-established offshore financial center, home to the second largest reinsurance market. The island nation has also created an infrastructure and ecosystem to foster innovation in blockchain technology, supported by a tiered regulatory approach that includes the Digital Asset Business Act and a regulatory sandbox.
In this episode of One Vision, Theo and Bradley chat with Chris Garrod, Director, Insurance and Technology at Conyers Dill & Pearman, on the wild wild west of crypto and beyond. While there is no CBDC planned for Bermuda, Chris told us that we might be able to buy rum with digital Bermuda dollars soon. Do we need more reason for a fintech meetup on the beach