Bitcoin Life Insurer Secures Bermuda License Post-Sandbox

Bermuda's crypto-friendly laws and zero tax on digital assets make it a prime jurisdiction. The world’s first Bitcoin-only insurer, Meanwhile, secures regulatory approval. The Class IILT license relates to innovative insurance firms. Blockchain technology is expanding its horizons beyond cryptocurrencies, with potential applications emerging in fields like identity management, healthcare, and voting systems. Despite these advancements, blockchain's integration into life insurance has remained largely unexplored. Meanwhile is a Bitcoin-only life insurer hoping to change that. In a major advancement for the digital asset sector, Meanwhile has secured regulatory approval from the Bermuda Monetary Authority (BMA) for a Class IILT

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