"The prime minister also addressed concerns about the future of the nation’s digital asset management sector in view of FTX’s collapse, insisting that he had every confidence The Bahamas will emerge from proceedings related to FTX with an enhanced reputation as a solid digital assets jurisdiction."

"He also said government officials have not identified any deficiencies in the nation’s regulatory framework that could have prevented FTX’s implosion."

No doubt, as the various jurisdictions involved unravel the actions that led to this moment, we will be among the first jurisdictions to gain and put to use valuable insights, allowing us to further strengthen our framework.”

Just like we did for Fyre Festival, OBAN, Baha Mar, (BPC) Bahamas Petroleum Company, and on and on and on.

Don't be worried about The Bahamas reputation, Mr. Davis. The rest of the world is quite well aware of how we operate. Try cashing a Bahamian check in another country, or using a Bahamian issued credit card online. So yeah, please opposition, do not besmirch our stellar reputation.

If this was so well regulated, and so promising for The Bahamas, why weren't Bahamians told that they should go all in personally? Like we do for our national low risk web shop gaming, where ALL Bahamians are winners.

So much can be revealed about our national problems by listening to the PM's remarkable remarks.
Everyday is a New Day, more surreal and ridiculous than the day before.
Politics has now triumphed the good of the people.
It is just a show now, where little men wave their little things all about.
The Bahamas cannot move forward so long as we are wedded to the childish mentality and immature posturing of those we call FNM and PLP.
It appears we are a nation of children.

Confidence?
Curve balls?
Persevered?
Pivots?
Sounds like someone's out of their intellectual depth & comfort zone.
Or perhaps, just like all the rest.

Very good comment. Thanks.

The entire "financial industry" is a cancer on humanity.
As one expert says, "Real engineers build bridges and buildings. Financial engineers build dreams. Which then become nightmares."
These jackasses get rich by producing nothing. They merely suck off the teats of those who work for a living.
This has become so normalized that we don't even recognize it anymore.
Sad.

Umm, I think that was made clear in the short article above.

Worse than ashamed, I feel sad. For a country that has had so much promise and so many opportunities? The only thing that will come out of this domestically is more excuses.
As Christmas approaches, as inflation rises, as our government continues to dawdle on the important issues, we will witness this trend toward lawlessness.
Tourists being shot on the Family Islands. Robbed at gunpoint in Nassau. More pontificating to the clueless by the Christian ministers. Higher and higher prices for tourists and residents alike. Our politicians are just like the same grabby ones who came before.
Almost seems like we don't want those who contribute the 80% to our GDP to come here.
Those of us who may be paying attention see clearly the nationwide implications of our poor attitudes.
What government worker thinks they will have a job when our tourist sector collapses?
What government official boasting about VAT revenues thinks we are looking at a positive trend here?
Are we all fools?

What cannot be argued, despite the volume of so-called statistics, basically numbers that sound good out of context, is the fact that The Bahamas has a very regressive tax system. There is nothing Christian about our current taxation of the people. Those at the top, who spout financial nonsense, also claim to be Christian? With all their learning, and they still don't get it? Oh, they do, but value their status and paychecks more than Christian values. Now I get it.

Please do your research. Perhaps you were kidding, but the shark population in collapsing globally. Just like conch populations. But, sometimes if you see them locally abundant and have no desire or ability to study the science, one might think that their little corner of the world is just like ours. It ain't. We are merely irresponsible due to willful ignorance.

You are right. I am taking what is being told to us. As you say, fancy accounting is what the best accountants are paid handsomely for doing.