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Digital B$ ‘pilot’ ready for 2020
The Central Bank’s governor has revealed that the Family Island communities where it will test the first version of a digital Bahamian dollar will be selected before the end of April 2019.
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DEREK SMITH: Compliance pitfalls to avoid
REMOTE-first digital communication is expected to continue growing at an astounding rate year. In addition, due to the pandemic, society is increasingly reliant on connected infrastructure and digital services for the day-to-day functioning of its daily operations, which means that using digital services to interact has now become the norm.
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HOSPITAL'S PLEA TO FUND NEW MACHINE
By KHRISNA VIRGIL kvirgil@tribunemedia.net Princess Margaret Hospital officials are appealing to corporate Bahamas and the public to make donations to a new digital mammography machine that will replace the near obsolete equipment they are using. So far,
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Central Bank targets pilot digital currency
The Central Bank will soon introduce a pilot digital currency for The Bahamas, the deputy prime minister has confirmed.KP Turnquest told the Blockchain and Cryptocurrency Conference, which enters its final day today, that he hopes Grand Bahama become
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Scotiabank unveils Mastercard tie-up
Scotiabank yesterday unveiled a seven-year agreement with MasterCard to provide new debit cards and an improved digital customer experience in The Bahamas and three other Caribbean countries. The tie-up, which also includes Scotiabank’s operations i
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Bahamas liquidators slam US FTX chief's 'underhand' tactics
FTX's Bahamian liquidators yesterday accused their US adversaries of employing "underhanded" tactics to seize control of all the crypto exchange's clients and assets - including those that fall under their winding-up process.
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Bahamas told: Don’t pause digital assets plan on FTX failure
Halting its digital assets growth strategy due to FTX’s collapse would be “the worst thing The Bahamas could do”, an industry entrepreneur says, even though the failed crypto exchange now faces a local criminal investigation.
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DPM pledges ‘innovative’ digital assets approvals
The deputy prime minister yesterday pledged that the Government’s revamped investment promotion and approvals agency will be “transparent” and “innovative” in how it handles applications from digital assets providers.
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Payment provider targets 25-30% digital user growth
A Bahamian payments provider yesterday disclosed it is targeting “manageable” annual growth of 25-30 percent in digital wallet users while pledging to do its part in reducing the “fear” surrounding electronic transactions.
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Digital kiosks to boost Nassau security and visitor experience
Digital kiosks will be installed in downtown Nassau to boost security and help tourists better navigate Bay Street and the surrounding area, a government senator disclosed yesterday.
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Fintech can ‘help reach those without banking’
FINTECH can help “promote greater financial inclusion” and provide a banking solution for those without accounts in the region, said Prime Minister Philip “Brave” Davis yesterday.
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AG: Digital Bill meets obligations under law
ATTORNEY General Ryan Pinder said yesterday the Digital Assets and Registered Exchanges Bill 2022 fulfils both local and international obligations, while seeking to strengthen the economic regime that will bolster the middle class of the country.
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Bahamian digital asset move drives job creation
The Bahamas’ entry into the digital assets space has created at least 30 jobs, and pumped over $5m into the economy, by attracting new broker/dealers and cryptocurrency exchanges to this nation, a financial provider says
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Bahamian liquidators pledge $100m FTX payout recovery
FTX’s Bahamian provisional liquidators yesterday pledged to “claw back” the $100m payout to 1,500 Bahamian clients as they blasted the failed crypto exchange’s US chief for “inflaming and untrue” statements.
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Bahamas-based family office in Fintech move
A Bahamas-based multi-family office has entered the Fintech (financial technology) space through the November 1 launch of its digital finance platform.Holt Financial, which is based in Albany’s Financial Centre, said in a statement that the new facil
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Caribbean AG tells Bahamas: 'get into the digital asset race'
A former Caribbean attorney general is urging The Bahamas to “get into that race” of digital currency regulation as a means to overcome its traditional challenges with economic scale.John McKendrick QC, Anguilla’s ex-top law enforcement officer, told
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Central Bank targeting digital B$ in 30 months
The Central Bank is aiming to roll-out a trial digital Bahamian dollar “within 30 months”, with the move central to its efforts to “accelerate” payments system modernisation.The regulator, launching an Expression of Interest (EoI) for the design and
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End-October targeted for digital B$ national roll-out
Bahamians are seeking greater security assurances around online transactions, the Central Bank has revealed, as it readies for the digital currency's national roll-out beginning on October 20.
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Security and product quality vital for Digital Marketplace
A Bahaman information technology (IT) provider yesterday backed the proposal to create a National Digital Marketplace, but warned that transaction security and product quality are key issues to address.
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FTX Bahamas put into full liquidation
The Supreme Court has approved FTX’s Bahamian subsidiary being placed into full judicial-supervised liquidation on the basis that it is just and equitable to do so.
