The cozy relationship between the premier and officials in the Bahamas has come to light with the premier’s request to Bankman-Fried in September 2022. The Bahamas government has faced criticism for its lenient regulation of crypto companies, particularly in the case of FTX exchange. Despite operating without a license for over two years, FTX was allowed to continue its operations by the Securities Commission of the Bahamas. However, the government has recently taken steps to tighten its rules and ensure that digital-asset exchanges have appropriate safeguards in place. This move aims to address concerns about the scale and nature of these businesses.

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Information	Details
Geography	North America
Countries	🇧🇸
Sentiment	negative
Relevance Score	1
People	None
Companies	Bankman-Fried, SCB, Securities Commission of the Bahamas, FTX exchange
Currencies	None
Securities	None