As he defended The Bahamas’ response in the wake of the collapse of crypto giant FTX, Attorney General Ryan Pinder asserted last night that any attempt to lay the blame of the company’s fall at the feet of The Bahamas is an “oversimplification of reality”. In a televised national address on FTX’s failure, Pinder said
Prime Minister Philip Davis’ statement in Parliament last week that he has every confidence that “The Bahamas will emerge from the proceedings involving FTX . with an enhanced reputation as a solid digital assets jurisdiction” was far from convincing. If anything, the prime minister appeared to possess an unhealthy level of delusion over the reputational
Responding to criticism over the collapse of The Bahamas-based cryptocurrency exchange FTX, Minister of Foreign Affairs Fred Mitchell, who also serves as chairman of the Progressive Liberal Party (PLP), assured party supporters yesterday that there is nothing unusual about it and that the Americans “can’t talk” about scandals. The PLP chairman made the comments in
While Prime Minister Philip Brave Davis insists The Bahamas’ reputation will survive the FTX fallout, Partner in law firm Berliner Corcoran and Rowe LLP Bruce Zagaris told the Wall Street Journal (WSJ) in a recent interview that the cryptocurrency exchange’s bankruptcy has jeopardized this country’s move to become a leading digital assets hub. Zagaris, who the WSJ said