The Caribbean Blockchain Alliance (CBA) is seeking to engage The Bahamas government in discussions around potential regulatory framework to direct the industry’s growth and help advance it to the heights seen by regional counterparts.
With huge steps taken by countries like Bermuda and Barbados, CBA head Stefen Deleveaux said many companies were already looking at the Caribbean region for potential business opportunities. But, he noted that operating within a gray area now would only hinder future business growth.
“You can have individual companies doing things, but we need to be operating as a region and as a block in terms of finance and growth,” the Bahamian-born blockchain specialist told Eyewitness Business. “That’s why it’s important now to keep everyone on the same page, so no one goes too far now and the rules change later. So we are pushing for and collaborating on the best kinds of regulations and the best ways government can interact with blockchain in general.”
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