Philip Davis, Bahamas Prime Minister said that crypto companies can operate in the Bahamas under its regulatory framework. 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. Davis added that:

Davis pointed out the fact that cryptocurrency innovation has been well-established in The Bahamas, with the establishment of FTX. Sam Bankman–Fried’s cryptocurrency exchange, which It has moved its headquarters to Hong KongTo The Bahamas, September 2021. More crypto-companies will likely do so.