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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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DPM ‘not concerned’ on Fintech regulatory threat
The Deputy Prime Minister says The Bahamas is “not concerned” about the potential threat of increased international regulatory pressures and scrutiny due to the growth of its digital assets industry.
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Gov’t’s ‘Fintech festival’ aiming to attract 3,000
The Government is planning to stage an “international Fintech festival” that will attract 3,000 industry executives to The Bahamas early next year and further boost this country’s digital asset ambitions.
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Bust or deflated
ActivTrades
ACCORDING to experts, the cryptocurrency Bitcoin is entering its lowest and darkest market phase. The price of Bitcoin fell to its lowest level since December 2020 on Wednesday, and even hit $20,000 for a short time. The oldest digital currency was trading at around $20,500 on Friday, June 17.
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Capital Group gives $50k to youth education
TO celebrate its fifth year in business, IX Capital donated $50,000 for youth education in Financial Services.
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Workers won't see 'equitable rebound'
Bahamian workers are unlikely to enjoy an “equitable rebound” in employment conditions post-COVID, the Inter-American Development Bank (IDB) is warning, with the pandemic likely to have worsened existing skills gaps and mismatches.
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Technical problems delay report card collection
THE Ministry of Education has announced a delay in report card collection at all public schools due to technical challenges with the ministry’s Learning Management System.
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ORG officials attend Summit of the Americas
LOCAL officials of the Organisation for Responsible Governance have attended the IX Summit of the Americas.
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Gov’t drafting carbon credit exchange law
The Government is developing legislation to establish a carbon credit exchange in The Bahamas to further boost its ambitions to make this nation “a global centre” for the emerging industry.
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Capital backs Bahamas: ‘Get past’ 7.2m record
The Bahamas was yesterday urged to quickly “get past” pre-COVID’s record 7.2m visitor arrivals after this nation ranked among the top Caribbean destinations which tourism investment capital is most bullish on.
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Cut $11.8bn debt ‘absolutely’ amid growing distress fears
The Bahamas must slash its $11.843bn national debt in “absolute” terms, a top banker urged yesterday, after this nation was named among ten countries whose bonds are now trading at “distressed” levels.
