The bahamas Financial News

12.07 / 21:43

CBDC the bahamas The Bahamas Mandates Banks to Support its ‘Sand Dollar’ CBDC, Sets Two-Year Timeline

The Central Bank of The Bahamas, which launched world’s first digital fiat currency in 2020, is mulling to mandate banks to support its central bank digital currency (CBDC) – “Sand Dollar.”

26.03 / 05:59

security Death Freedom reports travelers Investigations the bahamas 2 crew members die aboard Holland America Line cruise ship in the Bahamas

Holland America Line cruise ship were killed on Friday following an “incident” in one of the ship’s engineering rooms, according to a statement from the U.S.-owned cruise line.The fatalities occurred on the Nieuw Amsterdam cruise ship while it was docked at Half Moon Cay in the Bahamas.Holland America said the two employees were killed during an “accidental steam release” around 9:20 a.m. local time.

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.

27.07 / 23:17

Trial DOJ Fried Sam the bahamas DOJ Drops Campaign Finance Charge Against Sam Bankman-Fried Due to Treaty Obligations with The Bahamas

On July 26, the Department of Justice (DOJ) informed federal judge Lewis A. Kaplan that they "do not intend to proceed" with a campaign finance charge against FTX founder Sam Bankman-Fried.

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.

13.02 / 18:22

FIVE Digital CEO Action the bahamas The Bahamas Takes Full Control of FTX Digital Assets

The Securities Commission of the Bahamas has taken control of cryptocurrency assets held by bankrupt exchange FTX.

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.

09.02 / 19:59

Government Law the bahamas New Hampshire could become an alternative for crypto firms moving to the Bahamas

New Hampshire is on the verge of becoming a national leader in cryptocurrency if its legislature follows through on recommendations made by a commission appointed by Governor Chris Sununu. The recommendations would establish a legal framework for blockchain and crypto businesses in the state, providing clarity and certainty to entrepreneurs and regulators while avoiding the onerous and largely pointless special rules federal regulators and members of Congress want to impose on the industry. The proposed rules would also protect consumers, depositors and investors.

03.01 / 23:21

regulation FTX US court Lawyers the bahamas The Bahamas lawyers up as the FTX case proceeds in US court and disagreements fester

The Bahamas will have legal representation in the unfolding FTX case. The Caribbean nation chose Brown Rudnick as counsel “in certain matters of engagement related to the collapse of FTX Digital Markets Ltd.,” alongside Bahamian lawyers and other experts, according to a statement released by the law firm.

30.12 / 19:03

Cardano Tether Bitcoin the bahamas Customers Today in Crypto: FTX-owned Liquid to Start Refunding Customers in February, The Bahamas SEC Holds $3.5M of FTX Assets

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

16.12 / 07:05

Law regulation FTX Court bail the bahamas SBF reportedly files new bail application in the Bahamas Supreme Court

Sam Bankman-Fried, the jailed founder of bankrupt cryptocurrency exchange FTX has reportedly filed a new application for bail in the Bahamas Supreme Court following his previous unsuccessful bail bid.

13.12 / 13:59

FTX Arrest Fried Sam the bahamas Breaking: Sam Bankman-Fried Arrested in The Bahamas Following Formal Notification by United States

Sam Bankman-Fried, the disgraced founder of the now-bankrupt crypto exchange FTX, has been arrested in The Bahamas after US prosecutors formally filed criminal charges against him.

13.12 / 13:01

SEC CEO Southern Forbes the bahamas FTX founder arrested in the Bahamas

He is scheduled to appear in a magistrates' court today in the Caribbean country's capital, Nassau.FTX filed for bankruptcy last month, leaving its fifty largest creditors $3.1 billion out of pocket.A poster child for the cryptocurrency movement, Bankman-Fried's fall from grace has been sudden and dramatic. A report by newly-installed FTX CEO John Ray last month, blasted his predecessor for "a complete failure of corporate controls and a complete absence of trustworthy financial information".The new CEO also warned that a "substantial portion" of assets held with FTX may be "missing or stolen" and reveals that corporate funds were "used to purchase homes and other personal items for employees and advisors".The SEC's director of enforcement, Gurbir S.

13.12 / 11:15

CEO Fried Sam the bahamas Former FTX CEO Sam Bankman-Fried arrested in the Bahamas

FTX founder and former chief executive Sam Bankman-Fried was arrested on 12 December in the Bahamas after the US filed criminal charges, the authorities in the two countries said.

13.12 / 09:37

European Parliament Snow London Fried Sam the bahamas Ex-CEO of failed cryptocurrency firm FTX Sam Bankman-Fried arrested in the Bahamas

The former CEO of failed cryptocurrency firm FTX, Sam Bankman-Fried, has been arrested in the Bahamas at the request of the U.S. government, U.S. and Bahamian authorities said Monday.

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.

22.11 / 11:07

Ethereum regulation Investments Bitcoin the bahamas SBF, FTX execs reportedly spend millions on properties in the Bahamas

The latest revelation from the FTX case reveals that Bahamian properties worth millions were bought in the company name. FTX, at the time operated by Sam Bankman-Fried (SBF), his parents and other high-level executives of the company, reportedly purchased at least 19 properties in the Bahamas over the last two years.

13.11 / 21:55

regulation crimes FTX the bahamas FTX under investigation in the Bahamas for criminal misconduct - Report

An investigation of possible criminal misconduct over the insolvency of cryptocurrency exchange FTX is underway by financial investigators and the Bahamas securities regulators, according to a statement by the Royal Bahamas Police Force sent to Reuters on Nov 13.

11.11 / 08:19

cryptocurrency FTX Sam the bahamas Sam Bankman-Fried’s inner circle ran FTX from the Bahamas, says report: ‘Gang of kids’

Sam Bankman-Fried, once the trusted and public face of cryptocurrency, is now left grappling with a crisis. His crypto exchange FTX faces a shortage of $8 billion and will go bankrupt unless it can get more funding.

22.07 / 15:23

Fossil fuels the bahamas Over 150,000 litres of diesel fuel spills in the Bahamas near white sand beaches of Great Exuma

A vessel delivering diesel to the Bahamas resort island of Great Exuma spilled around 35,000 gallons (over 159,000 litres) of the fuel early on Wednesday, according to the country's acting prime minister.

10.05 / 17:33

Adoption Central Bank Coronavirus Financial the bahamas Sand Dollar CBDC Could ‘Foster Financial Inclusion’ in the Bahamas - IMF

The Sand Dollar, a central bank digital currency (CBDC) developed by the Bahamas, has the potential to “foster financial inclusion and payment system resilience” in the Caribbean nation, a new report from the International Monetary Fund (IMF) has said.

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