Bahamian Securities Regulator Chastises FTX CEO For Making Misstatements

The Bahamas Securities Commission has chastised FTX’s new CEO for his comments about the ongoing investigation into the bankrupt cryptocurrency exchange. The Bahaman regulator, in a press release did not directly address the specific statement of John J. Ray III…

FTX Employees Set to Be Paid As Bankruptcy Proceedings Continue

FTX appears to be moving on since news broke that it was filing for bankruptcy. The insolvent exchange will pay its employees and contractors after several weeks of uncertainty and bad news.  The bulk of FTX subsidiaries worldwide has reportedly resumed…

Bahamian Authorities Place FTX Under An “Active and Ongoing” Investigation

The defunct crypto exchange FTX is the subject of an “active and ongoing” investigation, according to the Bahamas Attorney General (AG) and Minister of Legal Affairs Ryan Pinder. Multi-agency Inquiry Into FTX Pinder stated in a national address that was…

Bahamian SEC Ordered FTX to Send Digital Assets to Its Wallet

On November 18, the Bahamas’ Securities Commission made public its directive to FTX to transfer digital assets under its management to the Commission’s wallet on November 12. The regulator stated that the directive was required to protect the interests of…

“Sand Dollar!” Bahamas Unveils World’s First CBDC

The central bank of Bahamas has unveiled the “Sand dollar”- a taste backed virtual currency now available nationwide.  The announcement was made on October 20 on Facebook by the project sand dollar account at 10 PM UTC. The announcement meant that the…

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