Is crypto legal in Bermuda?
Cryptocurrency is legal in Bermuda, but subject to regulatory restrictions.
Northern America · BM · 3 of 9 dimensions sourced
Bermuda crypto policy at a glance
Stage of the central bank digital currency programme — research, pilot, or launched.
Whether crypto is legal, restricted, or banned for individuals and businesses.
“The Digital Asset Business Act 2018 establishes a regulatory framework for entities conducting digital asset business in or from within Bermuda. Digital assets are not legal tender but may be issued, sold or redeemed by licensed entities.”
Whether the jurisdiction licenses crypto/VASP service providers.
Rules governing stablecoin and e-money-token issuance.
How crypto gains are taxed and reported, including OECD CARF participation.
How decentralized finance (DeFi) is treated by regulators.
Whether NFTs are addressed in regulation.
Policy toward crypto mining — permitted, restricted, or banned.
“The Digital Asset Business Act 2018 (“DABA”) provides the licensing and ongoing supervisory framework for entities conducting digital asset business in or from within Bermuda, including issuing, selling or redeeming virtual coins, tokens or any other form of digital asset, and operating as a digital asset services vendor.”
Intensity of regulatory enforcement actions against crypto firms.
Explore Bermuda and compare it with other countries on the interactive crypto policy map →