Tag: Bahamas

The Securities Commission of the Bahamas has been holding on to more than $3.5 billion worth of FTX customer assets since Nov. 12, according to a statement from the regulator released late on Dec. 29. Customer assets were drained from FTX due to a security breach after the crypto exchange filed for bankruptcy protection on…

The U.S. is starting a national conversation about a central bank digital currency, while more than 60 central banks have been looking into CBDCs since 2014. Several countries worldwide have experimented with digital currencies or already released early versions of CBDCs. Such a turn could make banking and monetary policy more efficient and help the…