Bermuda Permits Captive Insureres to Use Stablecoins Under New BMA Policy

Bermuda's Monetary Authority (BMA) now allows captive insurers to use recognized stablecoins for premium collection, claim payments, and as part of their capital base. No special innovation license is needed for captives to adopt stablecoins, as long as they obtain BMA approval. Permitted stablecoins must be fiat‑pegged, fully collateralized, redeemable one-to-one, and undergo monthly auditing. Captives are limited to using stablecoins for no more than 25% of their capital unless the BMA grants a specific exemption. The BMA will review the policy after 12 months to evaluate its effectiveness and make any necessary adjustments.

Source: Captive.com

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