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Nalezeno "The Bahamas": 204

Bahamas Enacts Digital Assets and Registered Exchanges Act


The Bahamas has enacted the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), establishing itself as a leader in digital asset regulation. Announced by the Securities Commission, DARE 2024 builds on the DARE Act, 2020, introducing significant reforms to address the evolving digital...

Bahamas to Mandate Banks to Distribute Central Bank Digital Currency


The Bahamas, the first country to issue a central bank digital currency (CBDC) called the Sand Dollar, is preparing regulations to mandate commercial banks to provide access to the e-money to boost adoption. Central Bank Governor John Rolle indicated that these regulations would be implemented...

Former FTX Boss Ryan Salame Gives up $5.9M Bahamas House


Former co-CEO of FTX Digital Market Ryan Salame is to transfer a $5.9 million house he owns in the Bahamas to settle criminal charges. The post Former FTX Boss Ryan Salame Gives up $5.9M Bahamas House appeared first on Cryptonews

FTX Liquidators Target Repayment to Creditors by End of 2024


The FTX bankruptcy estate has outlined its target to initiate repayments to customers by the end of 2024, as disclosed during a meeting of FTX Digital's Joint Official Liquidators in the Bahamas.  The post FTX Liquidators Target Repayment to Creditors by End of 2024 appeared first on Cryptonews

USD-Pegged Stablecoins Could Boost Dollar Dominance: Fed Governor


The US Fed Governor Christopher Waller, who previously voiced cryptos are “risky,” now throws a positive stance on dollar-pegged stablecoins. Speaking at a conference in Nassau, Bahamas on Thursday, Waller said that decentralized finance (DeFi) could actually boost dollar dominance. He stressed...

Bankrupt Crypto Firm FTX Trading Reaches Settlement With Bahamian Subsidiary


FTX Trading Ltd. and its affiliated debtors have announced a landmark settlement with their Bahamian subsidiary, FTX Digital Markets Ltd., amid ongoing liquidation proceedings. This agreement, pending court approval, promises a novel approach to handling the complex legal challenges stemming from...

Breaking: Global Settlement Reached in FTX Digital Markets Liquidation


FTX struck a global settlement between its US and Bahamas bankruptcy proceedings in an attempt to jointly maximize creditor payouts. Image by Александр Поташев, Adobe Stock. The ongoing saga following the dramatic collapse of Sam Bankman-Fried‘s bankrupt cryptocurrency exchange FTX took...

IQ Option’s Quadcode is now licensed for trading in the Bahamas


Quadcode by IQ Options has acquired a trading license in the Bahamas, expanding its regional horizons in addition to Australia and Europe. Founded in 2021, the brokerage firm can now expand its services to a new region.  A representative from the company has said that they are thrilled to have...

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