BMA consults on stablecoin guidance for Bermuda captive
The Bermuda Monetary Authority opened a consultation on guidance letting limited-purpose insurers, ILS structures, funds and intermediaries use "recognised" fiat-backed stablecoins for premiums, claims, treasury, fund subscriptions and certain collateral. Only stablecoins fully backed one-for-one and redeemable at par qualify, and comments close September 30, 2026.
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