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

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

The Bahamas Prime Minister Philip Davis told Cointelegraph that the region has a regulatory regime in place that will enable crypto businesses to operate within its jurisdiction. During an interview at SALT’s Crypto Bahamas conference, Davis shared that The Bahamas recently published a white paper framework that will allow crypto businesses to “grow and prosper,” while letting companies understand the region’s expectations. He added:

Davis pointed out that crypto innovation is already well underway in The Bahamas with the establishment of FTX, Sam Bankman-Fried’s cryptocurrency exchange, which moved its headquarters from Hong Kong to The Bahamas in September 2021. Its anticipated that more crypto companies will do the same.