Caribbean Financial News

02.09 / 22:13

Caribbean Jimmy Buffet, ‘Margaritaville’ singer, dies at age 76

Singer-songwriter Jimmy Buffett, who popularized beach bum soft rock with the escapist Caribbean-flavored song Margaritaville —and turned that celebration of loafing into a billion-dollar empire of restaurants, resorts and frozen concoctions — has died. He was 76.

05.10 / 08:49

Latin America crypto regulation Caribbean Cryptoasset Ecosystem Booms in Latin America and Caribbean: Study

The Inter-American Development Bank (IDB) and the Cambridge Centre for Alternative Finance (CCAF) have jointly released a report that provides growing trends in the cryptocurrency industry in Latin America and the Caribbean.

11.02 / 01:01

regulation FTX Caribbean Bankruptcy the bahamas FTX liquidators report exchange held $2.4M 'fleet of vehicles' in the Bahamas

The joint provisional liquidators of FTX Digital Markets — the firm’s subsidiary in the Bahamas — has released a report on the company’s physical assets in the island nation.

16.01 / 22:21

regulation lending Nexo Caribbean VASP Financial Nexo sues Cayman Islands financial regulator over VASP license

The same week that Bulgarian authorities were raiding Nexo’s offices and indicting four individuals for charges related to money laundering, the crypto lender filed suit in the Cayman Islands.

16.12 / 20:45

Law regulation Caribbean Bankruptcy Cooperation FTX liquidators’ legal team urges cooperation with Bahamian authorities amid favoritism allegations

A lawyer representing provisional liquidators overseeing FTX’s operations in the Bahamas has pushed back against allegations officials in the country were using the collapse of the crypto exchange to benefit its residents first.

15.12 / 01:19

Law regulation FTX Caribbean Prison SBF’s Bahamian prison reported for 'harsh' conditions and 'degrading treatment' — US State Dept

After being denied bail in a Bahamas Magistrate Court, former FTX CEO Sam Bankman-Fried could spend up to two months in the country’s Fox Hill Prison, a facility with reported cases of physical abuse against prisoners and “harsh” conditions.

29.11 / 14:55

Blockchain Adoption Digital Caribbean Dominica works with Huobi for digital identity program

Cryptocurrency exchange Huobi has partnered with the Commonwealth of Dominica to roll out a digital identity and national token service that promises digital citizenship of the West Indian island nation.

28.11 / 10:09

business Caribbean Bankruptcy Bitcoin FTX under 'active' civil and criminal investigation: Bahamas AG

The Bahamas Attorney General (AG) and Minister of Legal Affairs Ryan Pinder has confirmed that the collapsed crypto exchange FTX is the focus of an "active and ongoing" investigation by authorities from the Caribbean nation.

24.11 / 09:33

business Caribbean Bankruptcy Bitcoin Recent FTX hacks prove it was right to ‘secure’ its assets: Bahamian regulator

The Securities Commission of The Bahamas says the continued “hacking attempts” on FTX’s digital assets prove they made the right call to take control of the exchange’s assets on Nov. 12.

15.11 / 19:51

regulation security FTX Caribbean Bahamas supreme court approves 'provisional liquidators' for FTX

The Supreme Court of the Bahamas — where FTX Digital Marketsis headquartered — has approved two provisional liquidators to oversee the crypto exchange’s assets.

15.11 / 01:15

Adoption Caribbean Bitcoin Cash Caribbean nation St. Kitts & Nevis may adopt Bitcoin Cash as legal tender by March 2023

The Caribbean nation of St. Kitts & Nevis may declare Bitcoin Cash legal tender by March 2023. Prime Minister Terrance Drew made that announcement while he spoke at the BitcoinCash2022 Conference in St. Kitts on Nov. 12.

02.11 / 12:47

business regulation Huobi Caribbean Huobi Global reportedly plans relocation to the Caribbean

Chinese crypto exchange, which recently has had to disavow the rumors about massive layoffs inside the company, unveiled the plans to move its headquarters to one of the jurisdictions in the Caribbean, with Dominica being the first candidate.

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.

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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