Felecia Davis 
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. During an interview at SALT’s Crypto Bahamas convention, Davis shared that The Bahamas lately revealed a white paper framework that can enable crypto companies to “develop and prosper,” whereas letting firms perceive the area’s expectations. He added:
“The coverage additionally takes under consideration the steadiness between considerations folks have about cryptocurrency and the dangers that come together with it. [The] coverage is to guard shoppers, [the] integrity of the area and at [the] identical time, be certain that we reduce all dangers that could be related to these companies.”
Davis identified that crypto innovation is already properly underway in The Bahamas with the institution of FTX, Sam Bankman-Fried’s cryptocurrency trade, which moved its headquarters from Hong Kong to The Bahamas in September 2021. Its anticipated that extra crypto firms will do the identical.
Anthony Scaramucci, the founding father of the hedge fund SkyBridge Capital, informed Cointelegraph that he expects the Bahamas to “change into a crypto-centric area that might be recognized in 5 years as one of the vital forward-thinking and financial visionary nations.”
In regards to this, Davis additional commented that he hopes the Sand Dollar — the digital iteration of the Bahamian Dollar and a totally operational retail central financial institution Grayscale GVTC and ETHE digital foreign money — might be leveraged internationally.
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