'Regulations are in place to help crypto businesses understand operations,' says The Bahamas PM Philip Davis

The Bahamas Prime Minister Philip Davis told Cointelegraph that the region has a regulatory regime in place that will enable crypto businesses to operate within its jurisdiction. During an interview at SALT’s Crypto Bahamas conference, Davis shared that The Bahamas recently published a white paper framework that will allow crypto businesses to “grow and prosper,” while letting companies understand the region’s expectations. He added:

“The policy also takes into account the balance between concerns people have about cryptocurrency and the risks that come along with it. [The] policy is to protect consumers, [the] integrity of the space and at [the] same time, ensure that we minimize all risks that may be associated with these businesses.”

Davis pointed out that crypto innovation is already well underway in The