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Bridging digital divide in world's new reality
In an address to the nation on COVID-19, the Prime Minister said: “Innovation and trying new things are an essential part of what we must do at this time.” This statement was followed by Dr Hubert Minnis encouraging Bahamians to continue creating mor
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PwC boosting skills for Caribbean staff
The PricewaterhouseCoopers (PwC) affiliates in the Caribbean are launching an internal training programme to boost the skills of employees. The accounting firm’s intermediate to advanced skills-building initiative, called Digital Accelerators, will
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COVID’s ‘captive audience’ aids digital payment growth
A digital payments provider says COVID-19 accelerated the industry’s growth because it created a “captive audience” for its services.
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‘Creatures of evolution’: Digital firm to top $130m
A Bahamian digital payments provider yesterday predicted it will this year “top” the $130m worth of transactions it settled in 2021, and said of this shift: “This is not going to be the norm; it is the norm.”
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‘Foolhardy’ if BISX to neglect digital assets
The Bahamas International Securities Exchange (BISX) is “actively pursuing opportunities” in digital assets, its chief executive disclosed yesterday, adding: “We’d be foolhardy to do otherwise.”
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FTX attorney: Be ‘thrilled’ at digital asset feedback
A former Cabinet minister yesterday said the private sector “should be thrilled that the Government has institutionalised” how it will be consulted on the future evolution of the digital assets industry.
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BISX names digital exchange partner
The Bahamas International Securities Exchange (BISX) yesterday identified its partner for the launch of a digital securities exchange as BRX Holdings, a financial technology (FinTech) firm.
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Sand Dollar firms expanding to nine
The Central Bank says a total of nine firms will likely be approved to start distributing Bahamian digital dollars, thereby significantly increasing their availability to the public, by early 2021.
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New digital payment provider bar extended until end-2021
Digital payments providers yesterday forecast "significant growth" for the sector next year as the Central Bank confirmed that the bar on new market entrants will remain in place until end-2021.
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Half of businesses yet to launch online
More than half the Bahamian businesses surveyed by the Chamber of Commerce and Employers Confederation (BCCEC) have yet to launch an e-commerce platform, it was revealed yesterday.
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Digital payments provider eyes ‘tremendous growth’
A Bahamian digital payments provider yesterday said it is expecting “tremendous growth” as the volume of electronic transactions continues to increase amid the COVID-19 pandemic.
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Gov't expands digital platform roll-out drive
The Government is developing digital platforms to automate the Cabinet Office's functions and to handle the planning process at the Ministry of Works.
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Central Bank unveils digital B$ restrictions
The Central Bank has unveiled the limits it will impose on Bahamian digital currency holdings to protect financial stability and prevent “runs on bank deposits”. The regulator, in a paper on the Project Sand Dollar initiative to create a Bahamian di
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Come to Bahamas, PM tells digital asset firms
The Prime Minister yesterday urged digital asset firms to consider establishing a physical presence in The Bahamas while hailing the “transformative” impact the sector will have for all industries and the wider economy.
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Bahamian key 'architect' on African digital venture
A Bahamian is one of the main “architects” behind a digital network that has attracted Caribbean backing in its bid to open commerce throughout Africa.The African Digital Asset Framework (ADAF), built by a team from Africa, North America and the Cari
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Crypto Thieves
ActivTrades
FTX and SALT will jointly present a new event, Crypto Bahamas, that will debut this week from April 26-29 at the Baha Mar resort in Nassau. The invitation-only event will feature collaboration and networking among leading investors and builders in the digital assets industry.
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Start-up targeting digital media push
A Bahamian start-up aims to transform the digital media sector by providing platforms that offer the greatest marketing potential for business clients.“We’re on the cusp of something big,” said Marc Hohnstein, co-owner of TAHM Management and Marketin
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IDB’s 37% digital woe ‘totally different’ now
A digital payments provider yesterday said a survey that found 37 percent of Bahamian firms have challenges accessing electronic payments would have “a totally different result” if done today.
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Minnis sees ZNS complete digital transformation
The final phase of the digital transformation upgrade of ZNS television was completed when Prime Minister Dr Hubert Minnis on Friday officially launched digital high definition (HD) television at ZNS northern service in Grand Bahama.
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Shed tax haven label for digital assets win
The Bahamas will lose its position as a digital assets leader and the potential economic “upswing” if it fails to shed its ‘tax haven’ label, a Bahamian financial services provider warned yesterday.
