Search results for : wallets
September 29, 2023
Central Bank targets banks in Sand Dollar adoption strategy
The Central Bank of The Bahamas (CBOB) is preparing to engage the commercial banks more actively in order to boost Sand Dollar adoption, given that the commercial banks already have strong relationships with customers and merchants, CBOB Governor John Rolle said yesterday.
Founder reveals Kanoo expanding to UK market
May 05, 2023
Founder reveals Kanoo expanding to UK market
One of the founders of Kanoo, Nicholas Rees, revealed on Wednesday night that Kanoo is establishing itself in The UK.
April 28, 2023
PM: Government working on a regulatory framework for DAOs
Prime Minister Philip Davis announced yesterday while speaking at the Consensus 2023 conference hosted by Coindesk - a news site specializing in bitcoin and digital currencies - that alongside the recently announced revisions to the Digital Assets and Registered Exchanges (DARE) Act, the Securities Commission of The Bahamas (SCB) and the Digital Advisory Panel are working on a regulatory framework...
April 28, 2023
PM: Bahamas has not lost its zeal to lead digital assets industry
Despite the collapse of Bahamas-based cryptocurrency exchange FTX and ensuing attacks made on the country's reputation, Prime Minister Philip "Brave" Davis assured attendees at a digital assets conference in Texas yesterday that The Bahamas has not lost its "zeal" to be at the forefront of the industry.
April 26, 2023
Legislation may be needed to address banking challenges, says Mitchell
Highlighting the many issues facing bank customers in The Bahamas, Minister of Foreign Affairs and the Public Service Fred Mitchell charged that a solution may be needed in the form of intervention by the legislature.
FTX US on the attack
March 21, 2023
FTX US on the attack
The United States (US) debtors for FTX, The Bahamas-based cryptocurrency exchange that imploded last year, have asked a Delaware judge to rule that FTX Digital Markets (DM), the Bahamian arm of the company, has no ownership in FTX's cryptocurrency, intellectual property or customer information.
IMF paper points to Sand Dollar risks
February 22, 2023
IMF paper points to Sand Dollar risks
Pointing to potential risks of the Sand Dollar, the International Monetary Fund (IMF) said in a new working paper that the central bank digital currency (CBDC) could pose risks to financial intermediation, integrity, and cybersecurity despite its limited use to date.
January 18, 2023
FTX debtors discover 'substantial shortfall' of digital assets
The FTX debtors have concluded that there is a "substantial shortfall" of digital assets at FTX's US and international exchanges, but adds that they have discovered about $5.5 billion of liquid assets, including $1.7 billion in cash, on the books of the collapsed cryptocurrency exchange, they said in a statement released yesterday.
FTX debtors and JPLs reach agreement
January 09, 2023
FTX debtors and JPLs reach agreement
The Bahamian liquidators of Bahamas-based FTX Digital Markets and the new CEO of FTX's US companies have reached an agreement over access to data following weeks of verbal sparring between the two camps.
Suncash Launches New Payments Card - $martpay!
June 23, 2021
Suncash Launches New Payments Card - $martpay!
With banks transitioning to cashless environments or exiting The Bahamas altogether, business owners now have an alternative, secure and transparent option to pay their employees via the new SunCash Payroll and $martPay Card.
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