Philip Davis News
13.10 / 09:07
Digital Asset
Regulations
the bahamas
Despite Nay-Sayers, “Digital Assets Industry is Here to Stay”: The Bahamas Prime Minister
Bahamian Prime Minister Philip Davis says that the island nation will continue to maintain its pioneering role in the digital asset space and stressed on the importance of innovation to adapt emerging trends in fintech and decentralized finance (DeFi) advancements.
31.10 / 21:23
31.10 / 15:17
business
Blockchain
FTX
Customers
SBF says spending FTX customers' money was part of 'risk management': Report
Sam Bankman-Fried (SBF), the founder of cryptocurrency exchange FTX, claims that spending clients' fiat deposits was just part of "risk management" for his intertwined crypto hedge fund Alameda Research.
13.02 / 18:27
Twitter
SEC
CEO
Southern
Bitcoin
Fried
Sam
the bahamas
FTX Founder Sam Bankman-Fried Arrested in the Bahamas
FTX founder Sam Bankman-Fried was arrested on Dec. 12 in the Bahamas, according to several news reports.The U.S. government's request for his arrest, based on a sealed indictment filed by the U.S. District Court of the Southern District of New York, came a day before Bankman-Fried was due to appear before the U.S. House Financial Services Committee to answer questions about the collapse of the major cryptocurrency exchange he formerly ran as CEO.
13.12 / 03:33
regulation
CEO
Fried
Sam
Breaking: FTX founder Sam Bankman-Fried arrested, set to be extradited to US
Sam Bankman-Fried, the former CEO of the FTX cryptocurrency exchange and founder of Alameda Research, has been arrested and taken into custody by authorities in the Bahamas.
26.11 / 01:19
business
Government
Blockchain
Investments
the bahamas
Trouble in the Bahamas following FTX collapse: Report
Following the collapse of crypto exchange FTX, which was headquartered in the island nation of Bahamas, Bahamians are reportedly still trying to find a way to make sense of everything, while remaining optimistic about the future.
06.06 / 08:01
Blockchain
Taxes
Bitcoin
crypto volatility
Australian
Australian Mayor downplays crypto volatility, recommends it for rates payments
Tom Tate, the Mayor of Gold Coast, Australia, has suggested that cryptocurrency could be used by residents to pay local taxes in future years, though critics have flagged volatility and the recent market crash as a cause for concern.
09.05 / 22:49
CBDC
regulation
education
Caribbean
the bahamas
IMF recommends The Bahamas 'accelerate its education campaigns' on CBDC
Reporting on a consultation with the Caribbean nation on Monday, the IMF said its executive directors “recognized the potential of the Sand Dollar to foster financial inclusion” and recommended the Central Bank of The Bahamas “ accelerate its education campaigns and continue strengthening internal capacity and oversight.” The consultation was somewhat of a departure from several of the IMF’s previous warnings to many countries against the adoption of digital assets — but many of those did not include CBDCs.
06.05 / 20:19
business
Government
Stablecoin
interview
businesses
place
the bahamas
'Regulations are in place to help crypto businesses understand operations,' says The Bahamas PM Philip Davis
The Bahamas Prime Minister Philip Davis told Cointelegraph that the region has a regulatory regime in place that will enable crypto businesses to operate within its jurisdiction. During an interview at SALT’s Crypto Bahamas conference, Davis shared that The Bahamas recently published a white paper framework that will allow crypto businesses to “grow and prosper,” while letting companies understand the region’s expectations. He added:
21.04 / 22:31
Government
regulation
Taxes
Caribbean
Bahamian government hopes to allow residents to pay taxes with digital assets in 2022
Residents of the archipelago nation, the Bahamas, may soon be able to use digital assets including the world’s first central bank digital currency, or CBDC, to pay for taxes.
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