Bermuda maintains a crypto-friendly regulatory environment under the Digital Asset Business Act 2018 (DABA), with active consultations and regulatory updates by the Bermuda Monetary Authority. The jurisdiction supports digital asset businesses with clear licensing frameworks and ongoing regulatory engagement.
| Status | crypto_friendly |
| Risk Score | 15/100 (Low Risk) |
| Region | north america |
| Currency | BMD |
| VAT on Crypto | No |
| Required | Yes |
| Regulator | BMA |
| Framework | Digital Asset Business Act 2018 (DABA) |
| Ease | medium |
| Cost (USD) | $25,000 - $200,000 |
Licensing is required for digital asset businesses under DABA, with a structured application process overseen by the Bermuda Monetary Authority.
BMA has taken enforcement actions against unlicensed digital asset businesses and issued compliance guidance.
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |
| FATF Body | FATF |
| Suspicious-Activity Reporting | Yes |
Status: regulated
DeFi activities are regulated under Bermuda's digital asset framework, requiring compliance with AML and licensing rules.
Status: regulated
Stablecoins are regulated under the Digital Asset Business Act with requirements for issuer licensing and consumer protections.
Status: no_rules
NFTs are generally not regulated under DABA unless they function as digital assets with payment or investment characteristics.
| Legal | Yes |
| Electricity Cost | $0.35/kWh |
| Renewable Energy | 20% |
| Infrastructure | good |
Mining is legal but electricity costs are relatively high compared to global averages, with moderate renewable energy usage.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 70/100 |
| Banking Access | open |
| Sanctions Program Active | No |
Bermuda is politically stable with a strong regulatory environment and no international sanctions. It offers good internet freedom and banking access for crypto businesses.
Bermuda maintains a crypto-friendly regulatory environment under the Digital Asset Business Act 2018 (DABA), with active consultations and regulatory updates by the Bermuda Monetary Authority. The jurisdiction supports digital asset businesses with clear licensing frameworks and ongoing regulatory engagement.
Bermuda is classified by FATF as: compliant.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
Soken combines Web3 security engineering and crypto-legal counsel — two specialised tracks, one team. Pick the side that matches your need.
VASP licensing, jurisdiction analysis, AML/KYC, legal opinions, company registration and banking access.
Explore Legal Services → IT & SecuritySmart-contract audits, penetration testing, Web3 development, AI/LLM security audits.
Explore IT Services →Last reviewed: 2026-09-03 · Data source: Soken Crypto Legal Map
← Back to Crypto Map