Stablehouse, together with 13 leading crypto companies such as Circle, Bittrex Global, XBTO, and Apex Group, have chosen to get licensed in Bermuda as it provides a clear regulatory framework under its Digital Assets Business Act ("DABA Act" 2018). DABA builds on Bermuda’s decades-long reputation as a progressive yet reputable legislation that gave birth to the reinsurance market 50 years ago.
Additionally, as a member of the Financial Action Task Force (FATF), the inter-governmental body that sets the international standards to prevent money laundering and terrorist financing around the globe (including the United States and all other G20 nations), Bermuda enforces a globally-recognized anti-money laundering and anti-terrorist financing compliance requirements.