Bermuda Crypto Licence FAQ (BMA)

Short answers on which crypto companies hold a BMA digital asset business licence.

How many crypto companies are licensed in Bermuda?

51 companies hold a digital asset business licence from the Bermuda Monetary Authority (BMA): 28 full (Class F), 15 modified (Class M) and 7 test (Class T) licences. Full list.

Is Coinbase licensed in Bermuda?

Two Coinbase entities are on the BMA register with Class F digital asset business licences: Coinbase Bermuda Limited and Coinbase Bermuda Services Limited.

Is Binance licensed in Bermuda?

No digital asset business licensee on the BMA register carries the name Binance.

What are Class F, M and T licences?

Full (F) licences cover any or all DAB activities; Modified (M) licences are for expanding operations for a limited period; Test (T) licences are for testing a proof of concept (BMA).