Bahamas Prime Minister Philip Davis isn’t backing away from his country’s bid to be a hotbed for digital-asset companies, even as the collapse of FTX rattles crypto investors worldwide.
In an address to parliament on Wednesday, Davis said that his government hasn’t found issues with its regulatory framework that could have helped avoid the turmoil. Rather, Davis said, the rules that the Bahamas has in place let regulators take “immediate steps in order to protect the interests of clients, creditors, and other stakeholders globally.”
