The Bahamas"is a nation of laws," the country's attorney general said, defending the island's actions in the wake of 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 both visit and operate a business.
Pinder reiterated at various points during his speech that The Bahamas would not share further information about ongoing civil and criminal investigations for fear of compromising them. "We urge all authorities here and abroad at a minimum to exercise at least the same amount of prudence and restraint in their public commentary as we do so as not to prejudice any of the proceedings that are ongoing," Pinder said.
The bulk of Pinder's speech focused on arguing that The Bahamas' regulatory regime was sufficient to oversee crypto businesses. He claimed that no other regulator could move as quickly as the Securities Commission had, said there are no global standards for crypto regulation, appeared to make a dig at the U.S.
nikhileshde the same guy who worked for Deltec, that attorney general? uh huh. stay away. i know i am canceling my vacation to the bahamas because of this corruption.
nikhileshde What actions? 🤡
nikhileshde 🥱
nikhileshde Seriously? 😳
nikhileshde He means a safe place to run a scam
nikhileshde I really wish i could take the Bahamas serious after the lack of action with SBF and Caroline Ellis. The island really seems like a joke and going to ensure i own nothing which is incorporated in the jurisdiction nikhileshde Bahamaspress opmthebahamas MOFABahamas
nikhileshde This was your major takeaway/headline? The AG did an awesome job defending The Bahamas’ integrity and that of the regulators. Do better w/ your captioning. lazy
nikhileshde in the same breath? Fk Bahamas!
nikhileshde Maybe Sam can find someone to braid his hair in prison.
nikhileshde Lmao!
nikhileshde Beest thing I ve seen in a whileee........
nikhileshde
nikhileshde
nikhileshde Thanks a millonn
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