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 SALTs 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 regions expectations.
-Davis pointed out that crypto innovation is already well underway in The Bahamas with the establishment of FTX, Sam Bankman-Frieds cryptocurrency exchange, which moved its headquarters from Hong Kong to The Bahamas in September 2021.
-Anthony Scaramucci, the founder of the hedge fund SkyBridge Capital, told Cointelegraph that he expects the Bahamas to become a crypto-centric region that will be known in five years as one of the most forward-thinking and economic visionary countries.
-In regards to this, Davis further commented that he hopes the Sand Dollar the digital iteration of the Bahamian Dollar and a fully operational retail central bank Grayscale GVTC and ETHE digital currency will be leveraged internationally.