On 19 May 2023, Bermuda Government has passed legislation to amend the Digital Asset Business Act 2018 ("DABA" or the "Act") which further enhances the legal and regulatory digital asset business ("DAB") framework and provides further clarity on the classes of DAB activity which require a license from the Bermuda Monetary Authority ("BMA") as well as to make changes to facilitate more effective administration of the Act.
Please see full publication below for more information.