BRIEF- Bahamas Attorney General Ryan Pinder Says Bahamas Securities Commission Acted “Quickly” In Response To FTX
* BAHAMAS ATTORNEY GENERAL PINDER SAYS FTX DIGITAL MARKETS REGULATED IN BAHAMAS, BUT NOT ALAMEDA RESEARCH
* BAHAMAS ATTORNEY GENERAL PINDER SAYS BAHAMAS SECURITIES COMMISSION ACTED “QUICKLY” IN RESPONSE TO FTX * PINDER ON FTX SAYS BAHAMAS IN “EARLY STAGES OF AN ACTIVE AND ONGOING INVESTIGATION”
* PINDER-SECURITIES COMMISSION, FINANCIAL INTELLIGENCE UNIT, BAHAMAS POLICE FINANCIAL CRIMES UNIT WILL CONTINUE TO INVESTIGATE FTX’S INSOLVENCY CRISIS * PINDER-“ANY ATTEMPT TO LAY THE ENTIRETY OF THIS DEBACLE AT THE FEET OF THE BAHAMAS, BECAUSE FTX IS HEADQUARTERED HERE, WOULD BE A GROSS OVERSIMPLIFICATION OF REALITY”
* PINDER-“SHOCKED AT THE IGNORANCE OF THOSE WHO ASSERT THAT FTX CAME TO THE BAHAMAS BECAUSE THEY DID NOT WANT TO SUBMIT TO REGULATORY SCRUTINY” * PINDER-“THERE WILL BE NO MATERIAL ADVERSE IMPACT ON THE BAHAMAS FROM THE WORLDWIDE COLLAPSE OF FTX”
* PINDER SAYS CONTINUE TO INVITE DIGITAL ASSETS BUSINESSES TO OPERATE FROM BAHAMAS * PINDER SAYS BAHAMAS STANDS BEHIND ITS DECISION TO REGULATE DIGITAL ASSETS AND RELATED BUSINESSES
* PINDER SAYS “WE STAND BEHIND THE QUALITY OF THE REGULATIONS THAT EXIST” * BAHAMAS ATTORNEY GENERAL RYAN PINDER SAYS WILL COOPERATE WITH INTERNATIONAL REGULATORY AND ENFORCEMENT AGENCIES Source text for Eikon: Further company coverage: [ ]
Also Read: Bahamas appoints liquidators to oversee key FTX unit – FT
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