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DEREK SMITH: Accounting for the risks posed by digital assets

Blockchain technology has revolutionised mutiple products and services in recent years, making it one of our generation’s most fascinating advances. Crypto currencies are enabled by this same blockchain technology. Due to their outstanding capabilities to address specific challenges, crypto currencies have emerged as the most popular blockchain application. As a result, over 300m individuals now own crypto currencies, according to international reports.

Regulator warned 127 on financial crime compliance

Bahamian regulators issued warnings to 127 law and real estate firms over non-compliance with anti-financial crime mandates while giving this nation’s $306m-plus residential real estate sales a clean bill of health.

‘Season survival’ fears on 50% lobster price plunge

Fears were yesterday voiced that some Bahamian fishermen “may not survive the season” as the industry seeks to “weather the storm” created by lobster tail prices plunging by up to 50 percent.

$4m AML store opening to bring Freeport ‘rebirth’

AML opened the doors to its new $4m Solomon’s food store in the Winn Building yesterday, signalling the long-awaited rebirth of downtown Freeport for many Grand Bahamians.

Two accused of drugs charges

TWO MEN were charged in a Magistrates Court yesterday on separate drug charges, with one facing a $1,000 fine after admitting to owning a pound of marijuana.

EDITORIAL: FTX founder’s long list of unknowns

FOR someone in charge of a multi-billion operation, Sam Bankman-Fried seems to not know a lot of things.

Taxi union says minister is missing in action

WESLEY Ferguson, president of the Bahamas Taxi Cab Union, said yesterday that union members are still awaiting correspondence from the Ministry of Transport and Housing on the issue of the regulation of taxi plates.

CIBC’s New Year halt to in-branch payments

CIBC FirstCaribbean last night justified its decision to halt physical in-branch transactions from January 3 - a move that will impact thousands of Bahamians - by asserting that 85 percent of clients are already using digital banking channels.

Lightbourne and Dames lead Blue Devils to win over ranked team

BRADLEY Lightbourne, Joshua Dames and their Kansas City Kansas Community College Blue Devils continue to play one of the most difficult schedules in JuCo basketball and defeated their second ranked team of the young season.

Sears apologises for Eleuthera water problems

WORKS and Utilities Minister Alfred Sears yesterday apologised to residents in Eleuthera for the continued disruption of water supply on the island, saying the matter is one of “deep concern” that officials are aggressively addressing.

‘Praying Santa can deliver’ end to Village Road works

Businesses at Village Road’s northern end yesterday said they are “hoping and praying Santa can deliver” an end to their frustration by New Year with ongoing roadworks having caused sales to plunge by 30-40 percent.

Munroe left ‘disappointed’ by increased murder tally

NATIONAL Security Minister Wayne Munroe expressed disappointment yesterday in the country’s murder toll which is the highest since 2017, saying “if one person is murdered, I am disappointed.”

National health care system plan

FROM the very early days of the late great and deeply lamented Sir Lynden Oscar Pindling, The Bahamas has been debating and talking about a National Health Care system, as nauseum.

Why did women’s national basketball team not travel?

WHO is responsible for the financial fiasco that forced the Bahamas Basketball Federation to leave the women’s national basketball team home, instead of travelling last week to compete in the Centrobasket Tournament.

Miller receives two international appointments

NEWLY minted National Hall of Famer Wellington Miller continues to be recognised for his leadership role, having been re-appointed to serve on two prestigious international sports boards.

Tanks ordered to solve Eleuthera’s water woe

A Cabinet minister yesterday said the Government has ordered two one-million gallon water storage tanks for central Eleuthera to ease ongoing supply shortages and disruption.

Central Bank holding steady as reserves drawdown gains pace

The Central Bank yesterday maintained its prediction that The Bahamas’ external reserves will end 2022 ahead of prior year levels even though October’s decline exceeded 2021 by some $58.3m.