‘Reclaiming Lost Ground': Gov'Ts Digital Asset Plan

The Bahamas has "an incredible opportunity to reclaim lost ground and be part of finance's new frontier", digital asset specialists argued yesterday, as they hailed the Government's release of its "vision" for the $3trn industry.

Andrew Rolle, the Bahamas Investments and Securities Business Association president, told Tribune Business that the policy position unveiled by the Prime Minister in Parliament "is another step in The Bahamas positioning itself as a world digital assets leader".

The 'white paper', entitled The Future of Digital Assets in The Bahamas, seeks to balance signalling to crypto, blockchain and non-fungible token (NFT) providers that this nation is 'open for business' with the necessary risk-based regulatory approach to protect the country's reputation and the interests of investors/consumers.