AGP Executive Report
Last update: 2 hours agoOn-chain push: Bermuda’s Government and the Stellar Development Foundation say they’re moving key payments and financial services onto the Stellar network, so residents can receive wages, pay merchants, settle government fees, and use digital wallets—plus stablecoin-based pilots are expected. Digital finance licensing: Bitcoin Suisse (International) Ltd. has secured Bermuda Monetary Authority approvals (Class F under the Digital Asset Business Act and Class B under the Investment Business Act) to offer regulated digital asset management and investment advice to professional and institutional clients. Electricity policy debate: A public forum in Hamilton on Monday will kick off consultation on the National Electricity Sector Policy 2026, with proposals that shift renewable targets and focus on cost, reliability, and equal access. Workforce upskilling: Bermuda College Foundation and Martello Re launched scholarships for actuarial science and computer information systems, naming Armari Maybury as the first recipient. Privacy operations: Bermuda College hosts a June 9 workshop on managing PIPA access requests as the law moves into day-to-day compliance. Climate risk backdrop: A new report projects the global reinsurance market could hit US$1.14T by 2033 as catastrophe exposure and regulation drive demand.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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