Tagged: the bahamas

November 12, 2022 @ 3:50 pm By Omar Faridi  |  

The Securities Commission of The Bahamas (the Commission) took action “to freeze assets of FTX Digital Markets and related parties.” The Commission also “suspended the registration and applied to the Supreme Court of The Bahamas for the appointment of a provisional liquidator of FTX Digital… Read More

November 5, 2022 @ 6:41 pm By Omar Faridi  |  

OKX, which claims to be the world’s second largest crypto exchange by volume (behind Binance) and a web3 platform, announced its registration as a Digital Asset Business in The Bahamas “under the newly adopted Digital Assets and Registered Exchanges (DARE) Act.” The company has also… Read More

May 20, 2022 @ 10:40 am By Omar Faridi  |  

PopID and SunCash announced that for the “first time” in history, consumers can now use the PopPay face verification platform “to purchase goods and services with a central bank digital currency (CBDC) – digital money issued and backed by a government.” Bahamian consumers can now… Read More

December 30, 2021 @ 7:13 pm By Omar Faridi  |  

The Central Bank of The Bahamas has officially started consultations with banking institutions, credit unions as well as other payment services providers on a strategy to “eliminate all use of domestic cheques by the end of 2024.” According to a release, wider public consultation is… Read More

December 26, 2019 @ 10:59 pm By Samantha Hurst  |  

The Bahamas’ Central Bank announced earlier this week that it will introduce a digital version of the Bahamian dollar, starting with a pilot phase in Exuma later this month, and extending in the first half of 2020 to Abaco. According to the bank, this initiative… Read More