not approved
FiDa - Obtain Class IIGB regulatory status in the Bermuda Monetary Authority.
Current Project Status
Unfunded
Amount
Received
Received
₳0
Amount
Requested
Requested
₳225,000
Percentage
Received
Received
0.00%
Solution
FIDA aims to achieve regulated status by complying with all requirements and for the regulator to be comfortable with the platform’s structure at policy through their sandbox environment.
Problem
We need regulatory authorization by the BMA in order to trade insurance contracts and onboard. Bermuda is a global leader in financial regulation related to the use of Blockchain & Crypto currencies.
Feasibility
Value for money
Impact / Alignment