‘Regulations are in place to help crypto businesses understand operations,’ says The Bahamas PM Philip Davis By Cointelegraph

The Bahamas Prime Minister Philip Davis informed Cointelegraph that the area has a regulatory regime in place that can allow crypto companies to function inside its jurisdiction. Throughout an interview at SALT’s Crypto Bahamas convention, Davis shared that The Bahamas not too long ago revealed a white paper framework that can permit crypto companies to “develop and prosper,” whereas letting firms perceive the area’s expectations. He added:

Davis identified that crypto innovation is already effectively underway in The Bahamas with the institution of FTX, Sam Bankman-Fried’s cryptocurrency alternate, which moved its headquarters from Hong Kong to The Bahamas in September 2021. Its anticipated that extra crypto firms will do the identical.