Notice - Public Warning - Blockchain Deposit Insurance Corp. (2025-03-03)

Summary

This is a public warning notice issued by the Bermuda Monetary Authority (BMA) concerning Blockchain Deposit Insurance Corp. (BDIC), an entity described in online articles as a Bermuda-formed company planning to launch an insurance platform with its own digital token. The BMA confirms that BDIC is not licensed or registered to conduct any regulated activity in or from Bermuda and does not appear on the Registrar of Companies register.

• Regulatory status: BDIC is not licensed or registered by the BMA for any regulated activity in or from within Bermuda.
• Corporate registration: BDIC does not appear on the register of companies maintained by the Registrar of Companies.
• Warning list: BDIC has been added to the BMA's public warning list of unauthorised firms and individuals, accessible at www.bma.bm/warning-list.
• Public risk notice: The BMA warns that dealing with unregulated entities, especially those making false promotional claims, carries increased risk, and that anyone doing business with BDIC does so at their own risk.