Tag: The Bahamas

FTX
January 03, 2023 BY Steffy Bogdanova

Bahamas regulator responds to FTX CEO statements regarding FTX customer funds

FTX later challenged the regulator’s calculations, saying its digital assets seized in November were worth just $296 million. SCB said that these challenges were based on “incomplete information.” The regulator responded: The US Debtors’ continued lack of diligence when making public statements concerning the Commission is disappointing, and reflects a cavalier attitude towards the truth…

Read more
June 25, 2018 BY Mariela Naydenova

The Bahamas with new cryptocurrency

The government of the Bahamas has decided to launch their own digital coin to fight financial illiteracy and the low participation of the population in the banking system. According to the Deputy Prime Minister, K Peter Turnquest, the launch of a native digital coin is of special importance to many people living on the islands, because…

Read more