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IMF: ‘Deeper effort’ on digital asset regulation
The International Monetary Fund (IMF) last night urged The Bahamas to undertake “deeper efforts” to regulate digital assets firms by providing more resources to inspect their operations.
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SunCash ‘leading the way’ as Sand Dollar heads for facelift
A digital wallet provider is leading the way on the transformation of the interface for the Sand Dollar mobile app and wallet.
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CIBC opens new Eleuthera branch
CIBC FirstCaribbean International Bank (Bahamas) this week opened its new Governor’s Harbour branch in the Charlow’s Bay Plaza.
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No public interest in Sand Dollar
This Sand dollar thing - Central Bank says 90% of all bank accounts have a credit balance of $1,000.
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Deltec chair to SBF: ‘Why in the world?’
Deltec Bank & Trust’s chairman yesterday said his response to Sam Bankman-Fried would be “why in the world” if the embattled FTX founder were to ever contact him.
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Data-driven insights key for sustainable success
In the dynamic realm of business and technology, the role of data-driven decision-making stands out as a cornerstone for successful digital transformation. As industries adapt to the demands of the digital era, leveraging data strategically has become a crucial factor in gaining a competitive edge.
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FTX Bahamas creditors to have first meet March 15
FTX’s Bahamian subsidiary will hold its first creditors meeting on March 15 at Baha Mar’s convention centre as its liquidators ramp-up efforts to return assets to their rightful owners.
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FTX Bahamas signals fresh Ray ‘progress’
FTX Bahamas’ liquidators and their US adversary yesterday suspended all scheduled legal filings as they bid to resolve their dispute outside the courtroom.
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FTX real estate sell-off can’t cover $256m debt
The sell-off of FTX’s high-end properties “will not be sufficient” to fully repay the $256.3m debt owed to the crypto exchange’s Bahamian subsidiary, it has been asserted.
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IDB: Bahamas Internet costs, speed miss mark
Broadband Internet costs and speeds represent potential barriers to The Bahamas embracing the digital economy and improved competitiveness, a multilateral lender has warned.
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FTX peace terms approved by Bahamas and Delaware
THE peace deal between FTX’s Bahamian liquidators and their former US adversary has been approved by both the Supreme Court and Delaware Bankruptcy Court, it has been revealed.
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PM ‘explores’ GB diamond repository with Botswana
Grand Bahama’s Chamber of Commerce president yesterday said he was unsure what economic benefits will flow from the diamond repository proposal that the Prime Minister discussed with Botswana.
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Stable coins better suited for international customers
A Bahamian attorney says stable coins are a product better-suited for the international, rather than domestic, market as this nation moves to introduce new measures to better regulate the product.
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Bringing Esports to The Bahamas
SUSTAINABLE Me is partnering with the Bahamas National Esports League (BNEL) and the Bahamas Esports Federation to bring the NASEF Farmcraft 2024 competition to participating schools across The Bahamas.
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‘Bit much’ to only blame Bahamas over FTX fail
The Securities Commission’s top executive yesterday said it was a “bit much” for The Bahamas to take all the blame over the FTX crypto currency exchange’s collapse.
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FTX Bahamas charges US broke 'every single' pledge
FTX's Bahamian liquidators have accused their US adversaries of "breaching every single" co-operation pledge in just four short months as they urged the Supreme Court to "sort it out" with Delaware.
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Central Bank drops 2024 cheque elimination target
The Central Bank has abandoned its original target of eliminating paper cheque use by year-end 2024 because “a compelling fraction” of Bahamians need more time to adjust, its governor affirmed yesterday.
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BTC digitises learning and recruitment roles
The Bahamas Telecommunications Company (BTC) yesterday said it has completed the digitisation of its learning and recruitment processes in a bid to provide on-demand education for staff and better efficiency.
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Bahamian digital payment firm to open London office
A Bahamian digital payments provider has unveiled plans to open a UK office in an announcement that coincided with the Prime Minister's visit to London for King Charles III's coronation.
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Visitor 'leads' jump 40% for Family Islands duo
A senior tourism official says The Bahamas' digital marketing efforts have generated a 40 percent increase in visitor "leads" for Cat Island and San Salvador hotels this fiscal year.
