“Any attempt to lay the entirety of this debacle at the feet of the Bahamas, because FTX is headquartered here would be a gross oversimplification of reality,' Bahamas Attorney General Ryan Pinder says, defending the island nation's regulatory regime.
The Bahamas"is a nation of laws," the country's attorney general said, defending the nation's actions in the wake of crypto exchange FTX's collapse., Ryan Pinder, who is also a senator and the minister for legal affairs, summarized FTX's collapse and alluded to the Bahamas' government's actions, while also seeking to reassure investors and tourists that the country was a safe place to visit and operate a business.
Pinder reiterated that the Bahamas won't share further information about ongoing civil and criminal investigations of FTX for fear of compromising the probes. "It is extremely regrettable that in chapter 11 filings for bankruptcy protection made in New York last week that the new chief executive of FTX Trading Limited – not the Bahamas-based FTX Digital Markets, but an affiliate company incorporated in Antigua and Barbuda – misrepresented the timely action taken by the Securities Commission and used inaccurate allegations lodged in the transfer motion they had filed to do so.
Pinder also appeared to take a dig at the turf war in the U.S. between the Securities and Exchange Commission and the Commodity Futures Trading Commission by referring to countries that lack regulators with statutory authority to oversee crypto markets. He asserted that the Bahamas maintains"global leadership" as a tourism destination and jurisdiction for startups.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
FTX remains focus of 'active' investigation, Bahamas attorney general saysCollapsed cryptocurrency exchange FTX remains the subject of 'an active and ongoing investigation' by Bahamian authorities, Bahamian Attorney General Ryan Pinder said on Sunday, as he praised the Bahamas' regulatory regime and swiftness with which it responded to the crisis.
Weiterlesen »
The Bahamas' Attorney General Defends Country's Regulatory Regime Amid FTX 'Debacle'The Bahama's attorney general defended the country's actions in the wake of FTX's collapse, and said investors and tourists can be sure it's a safe place to both visit and operate a business. nikhileshde reports.
Weiterlesen »
Bahamian Attorney General Insists FTX Is the Subject of an 'Active and Ongoing Investigation' – Bitcoin NewsThe crypto exchange FTX is the subject of 'an active and ongoing investigation,' Ryan Pinder, the Bahamian attorney general said.
Weiterlesen »
Bahamian Attorney General Defends Handling of FTX CollapseThe Bahamian attorney general defended the island nation’s actions during the collapse of FTX and urged patience while authorities investigate the cryptocurrency exchange
Weiterlesen »
What Goes Up: FTX 'Horror Stories' in the Bahamas on Apple PodcastsThe implosion of the FTX empire is creating huge pain for locals in the Bahamas who treated the now-bankrupt exchange like a bank. Stephane Ouellette of of FRNT financial joins the What Goes Up podcast to discuss the bankruptcy’s effect on the nation
Weiterlesen »
FTX under 'active' civil and criminal investigation: Bahamas AGThe Attorney General of The Bahamas, Ryan Pinder has confirmed FTX is the subject of ongoing criminal and civil investigations from authorities, which will be looking to uncover “any potential violations of Bahamian law.'
Weiterlesen »