The Bermuda Monetary Authority ("BMA") proposes a new Payments Services Act ("PSA") to replace the Money Service Business Act 2016 to establish a clear, risk-based framework for Payment Service Providers ("PSPs") operating in...more
A new licensing regime for digital identity service providers is to be introduced in Bermuda.
The new licensing regime should pave the way for a smoother CDD journey for consumers, without compromising Bermuda's high...more