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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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Digital payments ‘not as robust’ despite 30% rise
The Bahamian use of digital payments is “not as robust as we’d like to see” yet, one provider asserted yesterday, even though the volume of transactions it processed increased by 30 percent in 2022.
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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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International link sees UB join forces with Cambridge
AN INTERNATIONAL link-up has seen the University of The Bahamas (UB) partner with the University of Cambridge and the Securities Commission of The Bahamas to provide a Fintech and Innovation programme.
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Digital provider facilitates over $200m in payments
A BAHAMIAN digital payments provider yesterday said it has processed more than $200m in transactions since its launch after expanding to a 35,000- strong user base.
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Digital assets summit seeks to attract 3,000
THE SECURITIES Commission yesterday confirmed it has teamed with the Government to host a three-day digital assets summit at Atlantis in January that aims to attract some 3,000 industry leaders.
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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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Deal’s ‘equal treatment’ for 53k FTX Bahamas claims
FTX’s Bahamian liquidators “are in the advanced stages” of negotiating a “global settlement” with their US counterpart that will ensure equal treatment for their near-53,000 creditors.
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FTX: $7.7bn owed to Bahamas ‘misleading’
A key financial adviser to FTX's US chief yesterday disputed as "misleading" assertions that some $7.7bn is currently owed to the failed crypto exchange's Bahamian subsidiary.
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Digital payments provider eyes ‘tremendous growth’
A Bahamian digital payments provider yesterday said it is expecting “tremendous growth” as the volume of electronic transactions continues to increase amid the COVID-19 pandemic.
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Central Bank unveils digital B$ 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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FTX US chief bids to cut-off Bahamas
FTX’s US chief yesterday shattered the temporary ceasefire with the Bahamian provisional liquidators by launching a legal bid to deny them access to any assets caught in the crypto exchange’s multi-billion dollar collapse.
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Exuma testing for digital B$
The Central Bank’s governor yesterday said Exuma will be the first island where a digital Bahamian dollar is tested, unveiling plans to impose a ceiling on the value stored in mobile wallets.
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Card spending rose 57% during COVID
Credit card spending in The Bahamas increased by 57 percent year-over-year during the peak of the COVID-19 pandemic as consumers transitioned to digital and online payments, a survey has disclosed.
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Bahamas at ‘critical point’ in gaining COVID balance
The Bahamas has reached “a critical juncture” in its battle against COVID-19 where it must balance saving lives and preserving livelihoods, the Inter-American Development Bank (IDB) is warning.
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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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Digital banking the ‘only way forward’ for Andros residents
DARIN Bethel, president of the Andros Chamber of Commerce said that digital currency providers are the “only way forward” for North and Central Andros businesses and residents.
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‘No Bahamas slowdown’ from crypto winter freeze
The Bahamas’ top digital assets regulator says there has been no slowdown in applications to do business from this jurisdiction despite the collapse in global cryptocurrency valuations, and is predicting that interest will only increase.
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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.
