Bahamas Prime Minister: Bahamas Cannot Stop FTX Collapse

According to the Financial Times, Prime Minister Philip Davis of the Bahamas stated that the Bahamas could not prevent the collapse of FTX and has not found any "flaws" in the country's cryptocurrency regulation. The Bahamas is not the only country that regulates FTX's global operations, and investigating the FTX debacle is very important to the Bahamas. In his speech, Davis stated that based on the analysis and understanding of FTX’s liquidity crisis so far, no flaws in the Bahamas’ regulatory framework have been found that may lead to this crisis. He added that the Bahamian securities regulator was able to "immediately take steps" because the country already had a regulatory framework for digital assets.