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

'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

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