Bermuda maintains a crypto-friendly regulatory environment with a clear licensing framework under the Digital Asset Business Act 2018 (DABA). The Bermuda Monetary Authority actively supports digital asset businesses and innovation.
| Status | crypto_friendly |
| Risk Score | 15/100 (Low Risk) |
| Region | north america |
| Currency | BMD |
| Capital Gains (Personal) | 0% - no income tax, no capital gains tax |
| Capital Gains (Corporate) | 0% - no corporate income tax |
| VAT on Crypto | No |
| Staking Tax | No income tax applies |
| Airdrop Tax | No income tax applies |
Bermuda levies no income tax, capital gains tax, or withholding tax. This makes it extremely attractive for crypto businesses and investors. Payroll tax and customs duties are the primary revenue sources. Digital asset businesses pay annual license fees.
| Required | Yes |
| Regulator | BMA |
| Framework | Digital Asset Business Act 2018 (DABA) |
| Ease | medium |
| Cost (USD) | $25,000 - $200,000 |
Licensing is required under DABA for digital asset businesses, with a structured application and approval process managed 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 | No |
| FATF Status | fsrb_only |
| FATF Body | CFATF |
| Suspicious-Activity Reporting | Yes |
Status: regulated
DeFi activities are regulated under Bermuda's digital asset framework, ensuring compliance with AML and licensing requirements.
Status: regulated
Stablecoins are regulated under Bermuda's digital asset laws, requiring issuers to comply with licensing and AML standards.
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, which may impact profitability.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 75/100 |
| Banking Access | open |
Bermuda offers a stable political and regulatory environment with strong support for crypto businesses and no international sanctions.
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Explore IT Services →Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map
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