Bermuda
Regulator/Supervisor |
Bermuda Monetary Authority (BMA) |
Website |
|
De minimus threshold |
USD1,000 |
Travel Rule enactment date |
End-2022 expected |
Unhosted wallets |
unknown |
VASP licensing & registration requirements |
unknown |
VASP reporting obligations |
unknown |
VASP equivalent term |
n/a |
Travel Rule applies to |
Any Regulated Financial Institution (RFI) including an RFI conducting Digital Asset Business (DAB), that provides services for the transfer of digital assets (virtual assets), money transmission, or other transfer of funds, is a payment service provider (PSP) engaging in a wire transfer and is subject to the rules for wire transfers set forth in POCR Regulations 21 through 31A and Chapter 8: Wire Transfers. |