In fact, Pinder spent the vast majority of his time on Sunday night insisting that the Bahamas is a reputable place to do business, with a strong legal framework to deal with bad actors. But it all sounded a bit like someone insisting just how honest they are when you didn’t really ask. Honest people generally don’t spend all day insisting they never tell lies.
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“We have been shocked at the ignorance of those who assert FTX came to the Bahamas because they did not want to commit to regulatory scrutiny. In fact, the world is full of countries which there is no legislative regulatory authority over the crypto and digital asset business,” Pinder said, clearly getting worked up.
Attorney General Pinder may as well have worn a shirt reading, “the Bahamas is not involved in crypto laundering,” a move sure to generate questions already answered by his shirt.