Circle Expands International Offerings with New Bermuda Operations and Digital Assets Business License

Circle Internet Financial is expanding its global presence by launching a new subsidiary in Bermuda, strategically positioning itself to serve non-US Poloniex customers and offer a range of new digital asset services. The company has received a Class F Digital Assets Business Act (DABA) license, a comprehensive regulatory framework that supports the operation of crypto financial services and emphasizes high standards for risk management and anti-money laundering. By capitalizing on Bermuda's forward-thinking regulatory environment, Circle aims to deliver innovations in digital assets while maintaining compliance and customer protection. The move aligns with Circle's vision of creating a more efficient and equitable global financial system, although US regulatory constraints currently limit the offering of these services to US customers. Circle's collaboration with Bermuda's government, led by Premier David Burt, reflects a shared commitment to fostering innovation and growth in the digital asset industry.