Company to begin developing self-mining capacity for Bitcoin Cash, apply for Bermuda Insurance License to launch digital asset-denominated insurance business mFCompany to begin developing self-mining capacity for Bitcoin Cash, apply for Bermuda Insurance License to launch digital asset-denominated insurance business mF

mF International Announces Plans for Two Strategic Digital Asset Product Launches

Company to begin developing self-mining capacity for Bitcoin Cash, apply for Bermuda Insurance License to launch digital asset-denominated insurance business

mF International Limited announced two major strategic initiatives to diversify its business and strengthen its active digital asset operations. The Company plans to expand its existing digital asset treasury strategy by developing self-mining capacity (the “Mining Business”) while also applying for a Bermuda Class IILT Insurance License to launch a digital asset-denominated insurance business (the “Insurance Business”), which is subject to obtaining all necessary approvals from the Bermuda Monetary Authority (“BMA”).

Development of Self-Mining Capacity

The Company today announced plans to expand its digital asset treasury strategy by developing in-house Bitcoin Cash (BCH) self-mining capabilities. This initiative is designed to support the BCH ecosystem’s security and resilience while enhancing the Company’s BCH digital asset treasury strategy.

By owning the mining infrastructure, the Company anticipates realizing several strategic advantages, including lower BCH acquisition costs compared to prevailing market prices through optimized hardware and energy efficiency, and effective hedging against market volatility via steady asset accumulation.

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Digital Asset-Denominated Life Insurance and Planned Application for Bermuda Class IILT Insurance License

The Company also announced its intention to apply for the Bermuda Class IILT Insurance License, a specialized regulatory license introduced by the BMA. This requires that the Company first obtain a Class ILT license to begin operations in the BMA ‘Sandbox’ for innovative insurers and then graduate to the full Class IILT license. All steps are subject to receiving BMA approvals and accepting the required conditions and restrictions as deemed necessary by the BMA.

If approved, this license will allow the Company to operate a digital asset-denominated direct life insurance business aimed at helping digital asset holders protect, grow, and transfer wealth across generations.

The Company recognizes that this initiative involves regulatory and operational uncertainties inherent in pioneering new financial services. The regulatory frameworks may evolve, potentially affecting application requirements and approval processes. Success will depend on obtaining regulatory approval and achieving market acceptance, with no guarantee of commercial objectives being met.

Despite these considerations, the Company expects that this business, if successfully established, may generate sustainable cash flows that align with long-term shareholder value creation.

“We believe the Bermuda Class IILT Insurance License will create a great opportunity for us to expand into the digital asset insurance sector,” said Mr. Dawei Yuan, Chief Executive Officer of mF International. “This application aligns with our strategy to diversify our operations and establish a presence in regulated digital asset services.”

Catch more Fintech Insights : When DeFi Protocols Become Self-Evolving Organisms

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The post mF International Announces Plans for Two Strategic Digital Asset Product Launches appeared first on GlobalFinTechSeries.

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