# Fintech licensing in Bermuda

Source page: https://protegra.io/licensing/jurisdictions/bermuda/

In Bermuda, fintech and crypto licences are issued by the Bermuda Monetary Authority (BMA). The Atlas covers 6 licence types there, in 4 families: bank, fund manager, investment firm and virtual asset service provider. Each licence page lists its legal basis, fees and decision period with sources.

## Financial regulators in Bermuda

- [BermudaBermuda Monetary Authority (BMA)The BMA is Bermuda's single integrated financial regulator. It licenses and supervises banks and deposit companies, digital asset businesses](https://protegra.io/licensing/regulators/bma-bermuda/)

## Fintech licences available in Bermuda

### [Bank / credit institution](https://protegra.io/licensing/licences/bank/)

- [Bank · BermudaBanking Licence / Deposit Company Licence / Restricted Banking Licence (Banks and Deposit Companies Act 1999)BMA](https://protegra.io/licensing/licences/bank/bermuda/)

### [Fund manager](https://protegra.io/licensing/licences/fund-manager/)

- [FM · BermudaFund Administrator Licence (Part III, Investment Funds Act 2006)BMA](https://protegra.io/licensing/licences/fund-manager/bermuda/)

### [Investment firm / broker-dealer](https://protegra.io/licensing/licences/investment-firm/)

- [IF · BermudaInvestment Business Licence (standard licence, under the Investment Business Act 2003)BMA](https://protegra.io/licensing/licences/investment-firm/bermuda/)

### [Virtual asset service provider (non-MiCA)](https://protegra.io/licensing/licences/vasp/)

- [VASP · BermudaDigital Asset Business Class F (Full) LicenceBMA](https://protegra.io/licensing/licences/vasp/bermuda-f/)
- [VASP · BermudaDigital Asset Business Class M (Modified) LicenceBMA](https://protegra.io/licensing/licences/vasp/bermuda-m/)
- [VASP · BermudaDigital Asset Business Class T (Test) LicenceBMA](https://protegra.io/licensing/licences/vasp/bermuda-t/)

## Main laws

- [Digital Asset Business Act 2018](https://protegra.io/licensing/laws/bm-digital-asset-business-act-2018/): 2018 : 28

## Path to market

Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. BMA offers pre-application meetings and a regulatory sandbox; the regulator page explains how to use them. The application goes to BMA, together with the capital, governance and AML documentation the licence page lists.

Last verified: · Author: Danil Marmysh · Reviewed by Anastasia Sidorenkova · © Protegra. Data: CC BY 4.0, cite "Protegra Licensing Atlas". Not legal advice.