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Bahamas

Bahamas shores up digital asset loopholes with DARE Act, 2 years after FTX implosion
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5 August, 2024

Bahamas shores up digital asset loopholes with DARE Act, 2 years after FTX implosion

When FTX moved to the Bahamas in 2021, the government said it was proof the country was becoming a tech...
Bahamas to force banks to support its CBDC
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10 July, 2024

Bahamas to force banks to support its CBDC

Since its launch in 2020, the Sand Dollar CBDC has failed to garner the expected uptake in the Bahamas, forcing...
Bahamas’ Sand Dollar attracted 0.5% of cash in circulation 3 years on: official
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11 March, 2024

Bahamas’ Sand Dollar attracted 0.5% of cash in circulation 3 years on: official

Bahamians have been willing to explore the CBDC, with 120,000 of the island’s 400,000 opening accounts, but they have only...
The mixed blessing of CBDCs
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21 August, 2023

The mixed blessing of CBDCs

As more countries jump on the CBDC bandwagon, experts are now scrutinizing the benefits and pitfalls of this tech and...
Bahamas proposes stricter digital asset regulations
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28 April, 2023

Bahamas proposes stricter digital asset regulations

The Securities Commission of The Bahamas began the development of the DARE Act in 2018, and it was passed in...
Caroline Ellison and Gary Wang charged as Sam Bankman-Fried heads back to the US
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22 December, 2022

Caroline Ellison and Gary Wang charged as Sam Bankman-Fried heads back to the US

As per U.S. securities regulator, Caroline Ellison had misappropriated customer funds from FTX to use in Alameda's trading activity, while...
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