Vaultoro - Buy gold with bitcoin in seconds
BTC S7,078.07 (0.51%)
Mon, 16 Dec
  • Conferences & Events
  • Latest News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
CryptoNinjas
  • Crypto Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
SUBSCRIBE
CryptoNinjas
No Result
View All Result

Barbados approves blockchain fintech company Bitt for regulation

Published by CryptoNinjas.net
July 15, 2019
Bitt Babados Blockchain

It was announced today that on July 5th, Bitt Digital Inc. became the first company to complete and exit the Regulatory Sandbox guided by the Central Bank of Barbados and the Financial Services Commission.

The Sandbox provided Bitt with the opportunity to test its blockchain-based financial technology (fintech) products, services, and business models in a controlled environment while protecting consumers, stakeholders and the financial system from undue risk.

“On behalf of the panel, I can confirm that the Regulatory Review Panel (RRP) considers the type of business activity trialed by Bitt to be a candidate for regulation under legislation that is currently being drafted. The RRP now deems the testing period to be complete.”
– Governor of the Central Bank of Barbados, Cleviston Haynes

This was the conclusion following a thorough review of Bitt’s operations during the 8-month long Regulatory Sandbox Framework.

“It is absolutely necessary that all financial services companies work with regulators and grant them full oversight of their operations. Technology is the ideal partner for the financial services sector to take on to boost productivity – and with it economic growth. The results of this Sandbox will provide great comfort to our potential partners and to consumers. Consumers, businesses, licensed financial institutions, governments, and investors can rest assured that Bitt is operating in full compliance with the laws of Barbados and is equipped to protect all client data from privacy risks.”
– CEO of Bitt, Rawdon Adams

8
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

haiti
Blockchain Technology

Bitt presents blockchain digital currency to Central Bank of the Republic of Haiti

June 25, 2019
Distributed Ledger Technology

Eastern Caribbean Central Bank piloting blockchain-based digital currency

March 6, 2019
Blockchain Technology

Blockchain data network Shyft partners with Bitt to secure transactions for the Caribbean

December 3, 2018
Crypto Payments

Insurance Corporation of Barbados to utilize blockchain technology in partnership with Bitt

October 3, 2018
Blockchain Assets

Central Bank of Curaçao and Sint Maarten to explore digital token payments with Bitt

August 13, 2018
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Updates

Penta Security to provide MPC key management on Corda blockchain

15 winning teams rewarded as Klaytn’s blockchain app competition concludes

IOST DApp ecosystem gets off-chain data link from DOS Network

Crypto exchange CEX.IO lists Cardano (ADA)

Web app for 0x-powered crypto DEX Tokenlon now live

Where to Exchange

itBitAmerica’s first regulated bitcoin exchange
LukkiCrypto exchange with an innovative gamification process
PayBitoGlobal platform for bitcoin & cryptocurrency exchange
PayBito
Vaultoro is the first fully real-time bitcoin gold exchange

CryptoNinjas Newsletter

Trending Views

æternity wins blockchain partners in Uruguay for agriculture, logistics and more

Jelurida’s Coalculus blockchain set for launch along with airdrop

SUKU and DreamView Studios to bring supply chain transparency for the virtual world

eSports platform FirstBlood launching “Dawn” blockchain built on Cosmos

Beta version of Beam’s atomic swap marketplace now live

Crypto exchange CEX.IO lists Cardano (ADA)

SatoshiPay pilots global blockchain payments wallet for businesses

Ledger Nano S crypto wallet users can now connect to ShapeShift

Quant Network and SIMBA Chain combine for interoperable smart contracts

ACINQ introduces Phoenix, a native Lightning-enabled Bitcoin wallet

  • Home
  • Crypto Links
  • Data
  • About
  • Contact
SUBSCRIBE

© 2020 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Listings & Tech
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2020 CryptoNinjas Disclosures | Privacy Policy